BlockBeats News, November 23rd, according to Coinglass data, if Bitcoin falls below $84,000, the cumulative long liquidation intensity of mainstream CEXs will reach $623 million.
Conversely, if Bitcoin surpasses $88,000, the cumulative short liquidation intensity of mainstream CEXs will only be $533 million.
BlockBeats Note: The liquidation chart does not precisely display the number of contracts awaiting liquidation 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, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher “liquidation bars” indicate that the price reaching that level will trigger a more intense response due to a liquidity cascade.
