BlockBeats news, on May 13, according to Coinglass data, if Bitcoin falls below $101,000, the cumulative long liquidation intensity of mainstream CEX will reach $934 million.
Conversely, if Bitcoin breaks through $104,000, the cumulative short liquidation intensity of mainstream CEX will reach $915 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The pillars on the liquidation chart actually represent the significance, 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 a liquidity wave after the price reaches that level.
