ChainCatcher message, according to Coinglass data, if Bitcoin drops below $94,000, the cumulative long liquidation intensity on mainstream CEXs will reach 442 million. Conversely, if Bitcoin breaks above $96,000, the cumulative short liquidation intensity on mainstream CEXs will reach 250 million USD.
Liquidation chart note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when reaching a certain level. Higher “liquidation bars” indicate that the price will generate a stronger reaction due to liquidity waves once reached.
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