BlockBeats News, December 2nd, according to Coinglass data, if Bitcoin breaks through $90,000, the cumulative short liquidation intensity of mainstream CEXs will reach $7.13 billion.
Conversely, if Bitcoin falls below $86,000, the cumulative long liquidation intensity of mainstream CEXs will reach $5.75 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts waiting to be liquidated, or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, namely the 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 reaching that level will trigger a more intense reaction due to a liquidity cascade.
