BlockBeats news, on June 21, according to Coinglass data, if Bitcoin breaks through $105,000, the cumulative short liquidation intensity on mainstream CEX will reach 1.231 billion.
Conversely, if Bitcoin falls below $102,000, the cumulative long liquidation intensity on mainstream CEX will reach 800 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.
