BlockBeats News, January 23rd, according to Coinglass data, if Bitcoin falls below $88,000, the total long liquidation strength of mainstream CEXs will reach $638 million.
Conversely, if Bitcoin surpasses $91,000, the total short liquidation strength of mainstream CEXs will reach $1.034 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price will experience a more intense reaction due to a liquidity cascade.
