🆘BITCOIN FLUCTUATIONS!

According to BlockBeats, data from Coinglass shows that if Bitcoin surpasses $110,000, the accumulated liquidation intensity of short positions on major centralized exchanges (CEX) will reach $996 million. Conversely, if Bitcoin drops below $106,000, the accumulated liquidation intensity of long positions on these exchanges will rise to $1.309 billion.

BlockBeats notes that the liquidation chart does not accurately display the number of contracts pending liquidation or the exact value of contracts that have been liquidated. Instead, the bars of the chart represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity.

Thus, the chart illustrates the extent to which the target price reaching a certain level will be affected. A higher "liquidation bar" suggests that when the price is reached, there will be a stronger response due to waves of liquidity.