BlockBeats News, December 10th, according to Coinglass data, if Bitcoin breaks above $94,000, the cumulative short liquidation intensity on major CEXs will reach 455 million.
Conversely, if Bitcoin falls below $91,000, the cumulative long liquidation intensity on major CEXs will reach 811 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that the price reaching that point will generate a stronger reaction due to a liquidity cascade.
