According to BlockBeats news on December 30, and Coinglass data, if Bitcoin falls below $91,000, the cumulative long liquidation intensity on mainstream CEX will reach $362 million.
Conversely, if Bitcoin breaks through $95,000, the cumulative short liquidation intensity on mainstream CEX will reach $339 million.
Note from BlockBeats: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The columns on the liquidation chart actually represent the significance, i.e., intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher 'liquidation column' indicates that there will be a stronger reaction due to liquidity waves once the price reaches that point.
