BlockBeats News, January 18th, according to Coinglass data, if Bitcoin breaks through $97,000, the cumulative short liquidation strength on mainstream CEXs will reach 645 million.
Conversely, if Bitcoin drops below $93,000, the cumulative long liquidation strength on mainstream CEXs will reach 752 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when reaching a certain level. Higher “liquidation columns” indicate that the price will generate a stronger reaction due to liquidity waves once reached.
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