BlockBeats News, February 3rd, according to Coinglass data, if Bitcoin breaks through $100,000, the cumulative short liquidation intensity of mainstream CEX will reach 353 million.
Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation intensity of mainstream CEX will reach 342 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.
