The movements in the price of Bitcoin could trigger significant liquidation events.

AI Summary

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

BlockBeats notes that the liquidation chart does not accurately depict the number of contracts pending liquidation or the exact value of liquidated contracts. Instead, the bars on the chart represent the relative importance of each liquidation group compared to nearby groups, indicating intensity.

Therefore, the chart illustrates how much the target price, upon reaching a certain level, will be affected. A higher "liquidation bar" suggests that once the price is reached, there will be a stronger reaction due to waves of liquidity.