ChainCatcher reports, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long liquidation intensity on major CEXs will reach $1.017 billion. Conversely, if Bitcoin breaks above $90,000, the cumulative short liquidation intensity on major CEXs will reach $677 million.
Note: The liquidation chart does not display 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 shows 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, a more intense reaction will occur due to liquidity waves.
