BlockBeats News, December 8th, according to Coinglass data, if Bitcoin breaks through $93,000, the cumulative short liquidation intensity of mainstream CEXs will reach 721 million.
Conversely, if Bitcoin falls below $90,000, the cumulative long liquidation intensity of mainstream CEXs will reach 340 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to its adjacent cluster, that is, the intensity.
Therefore, the liquidation chart shows to what extent the underlying price 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.
