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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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[Aladdin Observation] On May 22, according to Coinglass data, if Bitcoin breaks through $111,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.447 billion.
Conversely, if Bitcoin falls to $107,770, the cumulative long order liquidation intensity on mainstream CEX will reach 1.232 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the importance, or strength, 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 the price will react more strongly due to the liquidity wave after reaching it.