BlockBeats News, May 28th, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.325 billion.
On the other hand, if Bitcoin surpasses $110,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.142 billion.
BlockBeats Note: The liquidation chart does not display 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 reaching a certain price level will have an impact. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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