data from Coinglass shows that if the price of Bitcoin falls below $103,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $702 million.
Conversely, if Bitcoin surpasses $106,000, the cumulative liquidation intensity of short positions on this exchange will reach $612 million.
It is noted that the liquidation chart does not display the exact number of contracts pending liquidation or their exact value. Instead, the bars on the chart represent relative importance, or intensity, of each liquidation cluster compared to the nearest cluster.