BlockBeats News, June 7th, according to Coinglass data, if Bitcoin breaks through $106,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.141 billion.
Conversely, if Bitcoin falls below $103,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.388 billion.
BlockBeats Note: The liquidation chart does not display 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 trigger a more intense reaction due to a liquidity cascade.
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