BlockBeats News, on May 8, according to Coinglass data, if Bitcoin breaks through $101,000, the cumulative short liquidation strength on mainstream CEXs will reach $510 million.
Conversely, if Bitcoin falls below $98,000, the cumulative long liquidation strength on mainstream CEXs will reach $1.929 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The pillars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
