Once the price of Bitcoin falls below $98,000, the cumulative liquidation intensity of long orders on mainstream CEX platforms will reach $1.214 billion.
On the contrary, if the price of Bitcoin successfully breaks through $100,000, the cumulative liquidation intensity of short orders on mainstream CEX platforms will reach $136 million.
It should be clear that the liquidation chart is not used to present the exact amount of liquidation and Yue, nor the exact value of liquidation and Yue.
The columns in the liquidation chart actually reflect the importance of each liquidation cluster compared to the adjacent liquidation cluster, which is the so-called strength.
Therefore, the liquidation chart reflects the extent to which the underlying price will be affected when it reaches a specific position.
Among them, a higher "liquidation column" means that when the price reaches the corresponding position, it will trigger a stronger market reaction due to the liquidity wave.
