BlockBeats News, December 1st, according to Coinglass data, if Bitcoin falls below $86,000, the total long liquidation strength of mainstream CEX will reach 218 million.
Conversely, if Bitcoin surpasses $89,000, the total short liquidation strength of mainstream CEX will reach 356 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 represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the 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 reaching that level will trigger a more intense reaction due to a liquidity cascade.
