BlockBeats News, November 29th, according to Coinglass data, if Bitcoin breaks through $92,000, the cumulative short liquidation intensity of mainstream CEX will reach 557 million.
Conversely, if Bitcoin falls below $89,000, the cumulative long liquidation intensity of mainstream CEX will reach 838 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 show the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price, when reached, will have a more intense reaction due to a liquidity cascade.
