BlockBeats news, on December 30, according to 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.
BlockBeats note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of the contracts being liquidated. The pillars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that once the price reaches that level, there will be a stronger reaction due to the liquidity wave.
