If Bitcoin rebounds above $97,000, the mainstream CEX cumulative short-squeeze intensity will reach $5.91 billion

BlockBeats News, November 16th, according to Coinglass data, if Bitcoin rebounds above $97,000, the cumulative short liquidation intensity on mainstream CEXs will reach $591 million.

Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation intensity on mainstream CEXs will reach $135 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 neighboring 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 experience a more intense reaction due to a liquidity cascade once it reaches that point.