BlockBeats News, January 29th, according to Coinglass data, if Bitcoin rebounds above $91,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.133 billion.
On the contrary, if Bitcoin falls below $87,000, the cumulative long liquidation intensity of mainstream CEXs will be $494 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, that is, 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 will experience a stronger reaction due to a liquidity cascade when it reaches that point.
