BlockBeats News, April 26th, according to Coinglass data, if Bitcoin breaks through $96,000, the cumulative short liquidation intensity of mainstream CEX will reach $9.12 billion.
Conversely, if Bitcoin drops below $93,000, the cumulative long liquidation intensity of mainstream CEX will reach $15.48 billion.
BlockBeats Note: The liquidation chart does not precisely display the 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 target price will be affected once reached. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that level.