BlockBeats News, January 6th, according to Coinglass data, if Bitcoin falls below $92,000, the total long liquidation strength of mainstream CEXs will reach $1.135 billion.
Conversely, if Bitcoin surpasses $95,000, the total short liquidation strength of mainstream CEXs will reach $678 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher “liquidation bar” indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.
