Data: If Bitcoin falls below $100,000, the cumulative liquidation intensity of long positions on major CEXs will reach $922 million.
TL;DR
If Bitcoin drops below $100,000, long position liquidations on major CEXs could hit $922 million. Conversely, a rise above $102,000 may trigger $295 million in short liquidations. The liquidation chart reflects price impact intensity, not exact contract values.
Tags
According to ChainCatcher, Coinglass data suggests that if Bitcoin falls below $100,000, the total liquidation intensity of long positions on major CEXs will reach $922 million. Conversely, if Bitcoin breaks through $102,000, the total liquidation intensity of short positions on major CEXs will reach $295 million.
Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart represent the importance, or strength, of each liquidation cluster relative to its neighboring clusters. Therefore, the liquidation chart shows the extent to which the price of an asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly to the liquidity surge once that level is reached.