If Bitcoin drops below $84,000, the mainstream CEX's aggregated long liquidation volume will reach $531 million

BlockBeats News, December 16th, according to Coinglass data, if Bitcoin falls below $84,000, the cumulative long liquidation intensity on mainstream CEXs will reach $531 million.

Conversely, if Bitcoin surpasses $87,500, the cumulative short liquidation intensity on mainstream CEXs will reach $559 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent 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 level. A higher "liquidation bar" indicates that when the price reaches that point, there will be a more intense reaction due to a liquidity cascade.