BlockBeats News, November 26th, according to Coinglass data, if Bitcoin breaks above $89,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.097 billion.
Conversely, if Bitcoin falls below $85,000, the cumulative long liquidation intensity on mainstream CEXs will reach $816 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
