BlockBeats News, January 19th, according to Coinglass data, if Bitcoin falls below $91,000, the cumulative long liquidation strength of mainstream CEX will reach $383 million.
Conversely, if Bitcoin surpasses $94,000, the cumulative short liquidation strength of mainstream CEX will reach $517 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain level. A higher “liquidation bar” indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that point.
