Data: If bitcoin rebounds and breaks through $97,000, the cumulative short liquidation intensity on major CEXs will reach $591 millions.
According to ChainCatcher, citing Coinglass data, if bitcoin rebounds and breaks through $97,000, the cumulative short liquidation intensity on major CEXs will reach $591 million. Conversely, if bitcoin falls below $95,000, the cumulative long liquidation intensity on major CEXs will reach $135 million.
The liquidation chart does not display the exact number of contracts pending liquidation, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart demonstrates the extent to which the underlying asset's price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that point, there will be a more intense reaction due to a wave of liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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