On May 3, according to Coinglass data, if Bitcoin falls below $95,000, the cumulative long order liquidation intensity on mainstream CEX will reach $623 million. Conversely, if Bitcoin breaks through $97,000, the cumulative short order liquidation intensity on mainstream CEX will reach $242 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to the nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches it, there will be a stronger reaction due to the wave of liquidity.
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On May 3, according to Coinglass data, if Bitcoin falls below $95,000, the cumulative long order liquidation intensity on mainstream CEX will reach $623 million. Conversely, if Bitcoin breaks through $97,000, the cumulative short order liquidation intensity on mainstream CEX will reach $242 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to the nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches it, there will be a stronger reaction due to the wave of liquidity.