#SHORT📉 #longpositions If Bitcoin falls below $106,000, the mainstream CEX long liquidation volume will reach 874 million.
On May 24th, based on Coinglass data, if Bitcoin drops below $106,000, the cumulative long liquidation intensity of mainstream CEXs will amount to $874 million. Conversely, if Bitcoin exceeds $110,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.183 billion. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually signify the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Consequently, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that specific point.
