If Bitcoin falls below $92,000, the cumulative liquidation intensity of mainstream CEX long positions will reach 321 million. Conversely, if Bitcoin breaks through $97,000, the cumulative liquidation intensity of mainstream CEX short positions will reach 353 million. Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave when the price reaches that level.
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