BlockBeats news, on May 10, according to Coinglass data, if Bitcoin breaks through $105,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.152 billion.
Conversely, if Bitcoin falls below $102,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.106 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars 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 underlying price will be affected when it reaches a certain level. Higher 'liquidation bars' indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
