BlockBeats news, on December 26, according to Coinglass data, if Bitcoin breaks through $97,000, the cumulative short liquidation intensity on major CEXs will reach $483 million.
Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation intensity on major CEXs will reach $272 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that there will be a stronger reaction due to liquidity waves once the price reaches that point.
