On May 26, according to Coinglass data, if Bitcoin breaks through $112,000 to create a new historical high, the cumulative short liquidation intensity of mainstream CEXs will reach $519 million.
Conversely, if Bitcoin falls below $108,000, the cumulative long liquidation intensity of mainstream CEXs will reach $284 million.
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, which is the intensity.
Therefore, the liquidation chart reveals the extent to which the underlying asset's price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that point, it will generate a more intense reaction due to the liquidity wave.
