CoinVoice has recently learned that, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long liquidation intensity on major CEXs will reach $775 million. Conversely, if Bitcoin breaks above $108,000, the cumulative short liquidation intensity on major CEXs will only be $220 million. The liquidation chart does not display the exact number of contracts waiting to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves. [Original link]