Bitcoin Price Movements Could Trigger Significant Liquidations

According to BlockBeats, data from Coinglass indicates that if Bitcoin falls below $108,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $666 million. Conversely, if Bitcoin surpasses $110,000, the cumulative liquidation intensity of short positions on these exchanges will be only $42.885 million. BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or their precise value. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity. Therefore, the chart illustrates the extent to which the target price reaching a certain level will be affected. A higher "liquidation bar" suggests that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.