Bitcoin price movements may provoke significant liquidations

According to BlockBeats data, Coinglass indicates that if Bitcoin falls below $108,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $666 million. Conversely, if Bitcoin exceeds $110,000, the cumulative liquidation intensity of short positions on these exchanges will amount to only $42.885 million.

BlockBeats notes that the liquidation chart does not show the exact number of contracts awaiting liquidation or their exact value. Instead, the columns on the chart represent the relative importance of each liquidation cluster compared to the nearest clusters, indicating the intensity.

Therefore, the chart illustrates how achieving the target price at a certain level will be impacted. A higher "liquidation column" indicates that once the price reaches this point, there will be a stronger reaction due to a wave of liquidity.