BlockBeats news, on January 6, according to Coinglass data, if Bitcoin breaks through $103,000, the cumulative short liquidation intensity on mainstream CEX will reach $231 million.
Conversely, if Bitcoin falls below $98,000, the cumulative long liquidation intensity on mainstream CEX will reach $284 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 significance, i.e., intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. Higher 'liquidation bars' indicate that once the price reaches there, it will generate a stronger reaction due to liquidity waves.
