BlockBeats News, December 4th, according to Coinglass data, if Bitcoin breaks through $95,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.051 billion.
Conversely, if Bitcoin falls below $91,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.368 billion.
BlockBeats Note: The liquidation chart does not show 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 clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price will experience a more intense reaction due to a liquidity cascade when it reaches that point.
