The latest news from BlockBeats reveals that if Bitcoin’s price goes above $100,000, the cumulative short order liquidation intensity of mainstream cryptocurrency exchanges could reach $1.381 billion. On the other hand, if Bitcoin’s price drops below $97,000, the cumulative long order liquidation intensity could reach $1.028 billion.
The liquidation chart does not provide the exact number of contracts being liquidated or their precise value, but rather showcases the strength of each liquidation cluster compared to others. This allows us to understand how the underlying price will be affected when it reaches a certain point, with a higher “liquidation bar” suggesting a stronger reaction to the liquidity wave later.
