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If Bitcoin breaks through $96,000, the total short order liquidation intensity on mainstream CEX will reach $912 million.
On April 26, according to Coinglass data, if Bitcoin breaks through $96,000, the cumulative short order liquidation intensity of mainstream CEX will reach $912 million. Conversely, if Bitcoin falls below $93,000, the cumulative long order liquidation intensity of mainstream CEX will reach $1.548 billion. BlockBeats notes: The liquidation chart does not show 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 nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price reaches that point, it will trigger a stronger reaction due to a liquidity wave.