On May 24, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long positions liquidation intensity mainstream CEofX reach874 million.
Conversely, if Bitcoin breaks through $110,000, the cumulative short positions liquidation intensity of mainstream CEwill reachX $1.billion.83 .
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches a certain point, it will generate a more intense reaction due to the liquidity wave.


