BlockBeats News, December 7th, according to Coinglass data, if Bitcoin falls below $87,000, the cumulative long liquidation intensity of mainstream CEX will reach 491 million.
On the contrary, if Bitcoin surpasses $91,000, the cumulative short liquidation intensity of mainstream CEX will reach 866 million.
BlockBeats Note: The liquidation chart does not precisely show the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster to its neighboring cluster, known as intensity.
Therefore, the liquidation chart illustrates to what extent reaching a certain price level will have an impact. A higher “liquidation bar” indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
