BlockBeats news, on December 18, according to Coinglass data, if Bitcoin falls below $103,000, the cumulative long liquidation intensity on mainstream CEX will reach $975 million.
Conversely, if Bitcoin breaks through $107,000, the cumulative short liquidation intensity on mainstream CEX will reach $774 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated, or the exact value of liquidated contracts. The bars on the liquidation chart show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart illustrates the extent to which the price of the underlying asset reaching a certain level will be impacted. A higher 'liquidation bar' indicates that once the price reaches that level, it will generate a stronger reaction due to a wave of liquidity.
