BlockBeats News, June 23, according to Coinglass data, if Bitcoin breaks through $102,000, the cumulative short liquidation intensity on mainstream CEXs will reach $910 million.
Conversely, if Bitcoin falls below $100,000, the cumulative long liquidation intensity on mainstream CEXs will only be $133 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 bars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart demonstrates to what extent the underlying 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 response due to liquidity waves.
