According to BlockBeats news on May 3rd, based on Coinglass data, if Bitcoin falls below $95,000, the cumulative long liquidation intensity on mainstream CEX will reach $623 million.
On the contrary, if Bitcoin breaks through $97,000, the cumulative short liquidation intensity on mainstream CEX will reach $242 million.
Note from BlockBeats: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The pillars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
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 there will be a stronger reaction due to liquidity waves once the price reaches that point.
