BlockBeats News, April 28th, according to Coinglass data, if Bitcoin falls below $92,000, the cumulative long liquidation intensity on mainstream CEXs will reach $513 million.
Conversely, if Bitcoin surpasses $96,000, the cumulative short liquidation intensity on mainstream CEXs will reach $290 million.
BlockBeats Note: The liquidation chart does not display 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 relative importance of each liquidation cluster to the adjacent ones, that is, the intensity.
Therefore, the liquidation chart shows how much impact reaching a certain price level will have. Higher "liquidation bars" indicate that the price, once reached, will experience a more intense reaction due to a liquidity cascade.