BlockBeats News, January 5, according to Coinglass data, if Bitcoin breaks $100,000, the cumulative short liquidation strength across mainstream CEXs will reach $845 million.
Conversely, if Bitcoin drops below $96,000, the cumulative long liquidation strength across mainstream CEXs will reach $913 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance, or strength, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent prices reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
