ChainCatcher news, according to Coinglass data, if the price of Bitcoin falls below $103,000, the cumulative long liquidation intensity on mainstream CEX platforms will reach $975 million; conversely, if Bitcoin breaks above $107,000, the cumulative short liquidation intensity on mainstream CEX platforms will reach $774 million.
It is important to note that the liquidation chart does not display the specific number of contracts awaiting liquidation or the exact value of the liquidated contracts. The bar chart in the figure actually reflects the importance of each liquidation cluster relative to other clusters, which is referred to as 'liquidation intensity.'
Therefore, the liquidation chart shows the potential impact of changes in market liquidity after the underlying price reaches a certain point. A higher 'liquidation column' indicates that once the price touches that point, it may trigger a stronger market response.
