If Bitcoin rises and breaks through $104,000, the cumulative short liquidation intensity on major CEX will reach 1.353 billion.
On November 13, according to Coinglass data, if Bitcoin rises and breaks through $104,000, the cumulative short liquidation intensity on major CEX will reach 1.353 billion.
Conversely, if Bitcoin falls below $100,000, the cumulative long liquidation intensity on major CEX will reach 982 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
