BlockBeats News, May 2nd, according to Coinglass data, if Bitcoin breaks above $100,000, the cumulative short liquidation intensity on mainstream CEXs will reach $2.521 billion.
Conversely, if Bitcoin drops below $94,000, the cumulative long liquidation intensity on mainstream CEXs will reach $2.7 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The columns on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. Higher "liquidation columns" indicate that the price will have a more intense reaction due to a liquidity cascade once it reaches that point.
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