BlockBeats News, December 3rd, according to Coinglass data, if Bitcoin breaks above $95,000, the total short liquidation intensity on mainstream CEXs will reach $598 million.
Conversely, if Bitcoin falls below $91,000, the total long liquidation intensity on mainstream CEXs will reach $992 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, the intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher “liquidation bar” indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
