BlockBeats News, November 30th, according to Coinglass data, if Bitcoin breaks through $93,000, the cumulative short liquidation intensity of mainstream CEX will reach $509 million.
On the contrary, if Bitcoin falls below $90,000, the cumulative long liquidation intensity of mainstream CEX will reach $514 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity tsunami at that level.
