BlockBeats News, December 25th, according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative short liquidation intensity on mainstream CEXs will reach $518 million.
Conversely, if Bitcoin falls below $86,000, the cumulative long liquidation intensity on mainstream CEXs will reach $603 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
