According to BlockBeats, on December 3, according to Coinglass data, if Bitcoin breaks through $97,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.033 billion.
On the contrary, if Bitcoin falls below $93,000, the cumulative long order liquidation intensity of mainstream CEX will reach 1.491 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" means that the price will react more strongly to the liquidity wave after it reaches that position.
