BlockBeats News, May 29th, according to Coinglass data, if Bitcoin falls below $105,000, the cumulative long liquidation strength of mainstream CEXs will reach $577 million.
Conversely, if Bitcoin surpasses $109,000, the cumulative short liquidation strength of mainstream CEXs will reach $275 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent ones, that is, the strength.
Therefore, the liquidation chart shows to what extent the asset price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity blitz.
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