Data: If Bitcoin breaks through $95,000, the cumulative short-selling intensity on major CEXs will reach $598 million.
TL;DR
If Bitcoin surpasses $95,000, major CEXs could face $598 million in short liquidations; if it drops below $91,000, long liquidations may hit $992 million. The chart shows liquidation intensity, not exact values, indicating price impact levels.
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According to ChainCatcher, Coinglass data indicates that if Bitcoin breaks through $95,000, the total short position liquidation intensity on major CEXs will reach $598 million. Conversely, if Bitcoin falls below $91,000, the total long position liquidation intensity on major CEXs will reach $992 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.