BlockBeats News, November 26th, according to Coinglass data, if Bitcoin breaks above $89,000, the cumulative short liquidation strength of mainstream CEXs will reach $958 million.
Conversely, if Bitcoin falls below $86,000, the cumulative long liquidation strength of mainstream CEXs will reach $768 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.
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 the price approaching that level will generate a more intense reaction due to liquidity cascades.
