According to Coinglass data, if Bitcoin falls below $92,000, the cumulative long position liquidation intensity of mainstream CEXs will reach $321 million.
Conversely, if Bitcoin breaks through $97,000, the cumulative short position liquidation intensity of mainstream CEXs will reach $353 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart show the relative importance of each liquidation cluster to the nearby liquidation cluster, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. The higher the "liquidation bar", the more intense the reaction will be due to the liquidity wave when the price reaches that level.
