BlockBeats News, January 21st, according to Coinglass data, if Bitcoin rebounds above $97,000, the cumulative short liquidation strength of mainstream CEX will reach $1.489 billion.
Conversely, if Bitcoin falls below $87,000, the cumulative long liquidation strength of mainstream CEX will be $806 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, known as strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
