BlockBeats News, December 11th, according to Coinglass data, if Bitcoin falls below $88,000, the cumulative long liquidation intensity on mainstream CEXs will reach $489 million.
Conversely, if Bitcoin surpasses $92,000, the cumulative short liquidation intensity on mainstream CEXs will reach $558 million.
BlockBeats Note: The liquidation chart does not accurately display the number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of an underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.
