BlockBeats news, on December 2, according to Coinglass data, if Bitcoin breaks through $98,000, the cumulative short liquidation intensity on mainstream CEX will reach 301 million.
Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation intensity on mainstream CEX will reach 142 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. Higher 'liquidation bars' indicate that after the price reaches that point, there will be a stronger response due to liquidity waves.
