BlockBeats News, November 28th, according to Coinglass data, if Bitcoin breaks through $93,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.042 billion.
Conversely, if Bitcoin falls below $89,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.16 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the adjacent clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price, when reached, will generate a stronger reaction due to a liquidity surge.
