BlockBeats News, December 25th, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long liquidation intensity of mainstream CEXs will reach $666 million.
Conversely, if Bitcoin surpasses $89,000, the cumulative short liquidation intensity of mainstream CEXs will reach $663 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 neighboring clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
