If Bitcoin breaks through $100,000, the cumulative short order liquidation intensity of mainstream CEX will reach 254 million
According to Coinglass data on December 25th, if Bitcoin surpasses $100,000, the cumulative short liquidation intensity of mainstream CEX will reach 254 million. Conversely, if Bitcoin falls below $97,000, the cumulative long liquidation intensity of mainstream CEX will reach 296 million.
Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually display the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e. intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave when the price reaches that point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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