According to Coinglass data, if Bitcoin breaks through $100,000, the cumulative liquidation intensity of long positions on major CEXs will reach $386 million.
Conversely, if Bitcoin falls below $95,000, the cumulative liquidation intensity of short positions on major CEXs will reach $466 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 neighboring liquidation cluster, i.e. the intensity.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected if it reaches a certain level. The higher the "liquidation bar", the more intense the reaction will be due to the liquidity wave when the price reaches that level.
