BlockBeats News, December 29th, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long liquidation intensity of mainstream CEXs will reach 565 million.
Conversely, if Bitcoin surpasses $89,000, the cumulative short liquidation intensity of mainstream CEXs will reach 918 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact 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 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.
