BlockBeats News, February 25th, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long liquidation strength of mainstream CEXs will reach 269 million.
On the other hand, if Bitcoin breaks above $89,000, the cumulative short liquidation strength of mainstream CEXs will reach 523 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity cascade when it reaches that level.
