CoinVoice has learned that, 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 through $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 show the specific number of contracts pending liquidation or the exact value of contracts being liquidated. The bar chart in the diagram actually reflects the significance 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 when the underlying price reaches a certain level. A higher 'liquidation bar' indicates that reaching that price point could trigger a stronger market reaction. [Original link]
