BlockBeats news, on December 19, according to Coinglass data, if Bitcoin falls below $100,000, the cumulative long liquidation intensity of mainstream CEX will reach $335 million.
Conversely, if Bitcoin breaks through $102,000, the cumulative short liquidation intensity of mainstream CEX will reach $731 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts waiting to be liquidated or the exact value of liquidated contracts. The pillars on the liquidation chart actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that a stronger reaction will occur due to the liquidity wave after the price reaches that point.
