BlockBeats News, May 13th, according to Coinglass data, if Bitcoin falls below $101,000, the cumulative long liquidation intensity of mainstream CEXs will reach $934 million.
Conversely, if Bitcoin surpasses $104,000, the cumulative short liquidation intensity of mainstream CEXs will reach $915 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 represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that level.
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