If Bitcoin breaks $104,000, mainstream CEX total short liquidation volume will reach $646 million

BlockBeats News, May 9th, according to Coinglass data, if Bitcoin breaks through $104,000, the total short liquidation intensity on mainstream CEXs will reach $646 million.

On the other hand, if Bitcoin falls below $102,000, the total long liquidation intensity on mainstream CEXs will reach $356 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the adjacent liquidation 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 will have a more intense reaction due to a liquidity cascade when it reaches that point.