On April 29, according to Coinglass data, if Bitcoin breaks through $96,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.143 billion.
Conversely, if Bitcoin falls below $94,000, the cumulative long liquidation intensity of mainstream CEXs will reach $659 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to neighboring 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 level, it will generate a more intense reaction due to the liquidity wave.
