BlockBeats News, April 29th, according to Coinglass data, if Bitcoin breaks through $96,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.143 billion.
Conversely, if Bitcoin falls below $94,000, the cumulative long liquidation intensity of mainstream CEX will reach $659 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price reaching that level will experience a stronger reaction due to a liquidity cascade.
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