According to BlockBeats news on May 19, based on Coinglass data, if Bitcoin falls below $103,000, the cumulative long liquidation intensity on mainstream CEX will reach $944 million.
Conversely, if Bitcoin breaks through $105,000, the cumulative short liquidation intensity on mainstream CEX will reach $475 million.
Note from BlockBeats: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts being liquidated. The pillars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., their intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that when the price reaches that point, it will respond more strongly due to the wave of liquidity.
