Mainstream CEX Cumulative Short Liquidation Strength to Reach $386 Million if Bitcoin Breaks $100,000

On 20 February, according to Coinglass data, if Bitcoin breaks above $100,000, the cumulative short liquidation strength of mainstream CEX will reach 386 million.

Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation strength of mainstream CEX will reach 466 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts being liquidated. What the bars on the chart show is actually the importance, or strength, of each liquidation cluster relative to the neighbouring liquidation clusters.

Thus, the liquidation chart shows how much the underlying price will be affected by reaching a certain position. Higher ‘clearing bars’ indicate that the price will react more strongly when it arrives because of the liquidity wave.