BlockBeats News, May 10th, according to Coinglass data, if Bitcoin breaks above $105,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.152 billion.
Conversely, if Bitcoin falls below $102,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.106 billion.
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 represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will have a more intense response due to a liquidity cascade.
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