BlockBeats News, December 5th, according to Coinglass data, if Bitcoin breaks through $94,000, the cumulative short liquidation intensity of mainstream CEX will reach 1 billion.
Conversely, if Bitcoin falls below $91,000, the cumulative long liquidation intensity of mainstream CEX will reach 641 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., intensity.
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 more intense reaction due to a liquidity surge.
