If Bitcoin breaks through $89,000, the mainstream CEX cumulative short liquidation intensity will reach 1.097 billion

BlockBeats News, November 26th, according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.097 billion.

Conversely, if Bitcoin falls below $85,000, the cumulative long liquidation intensity of mainstream CEXs will reach $816 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 liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.