Data: If Bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $489 millions.
According to ChainCatcher, citing Coinglass data, if bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach $489 million. Conversely, if bitcoin breaks through $92,000, the cumulative short liquidation intensity on major CEXs will reach $558 million.
The liquidation chart does not display the exact number of contracts pending liquidation, nor 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 when the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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