BlockBeats News, on May 15, according to Coinglass data, if Bitcoin falls below $101,000, the cumulative long liquidation intensity on mainstream CEX will reach $996 million.
Conversely, if Bitcoin breaks through $103,000, the cumulative short liquidation intensity on mainstream CEX will reach $247 million.
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 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 level.
