BlockBeats News, on November 25, according to Coinglass data, if Bitcoin breaks through $100,000, the cumulative short liquidation intensity on mainstream CEX will reach $791 million.
On the contrary, if Bitcoin falls below $97,000, the cumulative long liquidation intensity on mainstream CEX will reach $593 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
