BlockBeats News, November 24th, according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative short liquidation intensity of mainstream CEXs will reach $649 million.
On the other hand, if Bitcoin drops below $86,000, the cumulative long liquidation intensity of mainstream CEXs will reach $394 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will experience a more intense reaction due to the liquidity surge.
