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BlockBeats news, on May 10, according to Coinglass data, if Bitcoin breaks through 105,000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 1.152 billion.
On the contrary, if Bitcoin falls below 102,000 USD, the cumulative long order liquidation intensity on mainstream CEX will reach 1.106 billion.
BlockBeats 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 significance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation pillar" indicates that once the price reaches it, there will be a stronger reaction due to the liquidity wave.