ChainCatcher News, according to Coinglass data, if Bitcoin drops below $94,000, the cumulative long liquidation strength on mainstream CEXs will reach 263 million. Conversely, if Bitcoin breaks above $97,000, the cumulative short liquidation strength on mainstream CEXs will reach 97.56 million USD.
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 actually represent the importance of each liquidation cluster relative 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 trigger a stronger reaction due to liquidity waves.