BlockBeats News, December 24, according to Coinglass data, if Bitcoin breaks through $100,000, the cumulative short liquidation intensity of mainstream CEX will reach $863 million.
On the contrary, if Bitcoin drops below $93,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.434 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance of each liquidation cluster relative to nearby liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. Higher 'liquidation bars' indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
