If Bitcoin drops below $85,000, the mainstream CEX long liquidation volume will reach $1.052 billion

BlockBeats News, December 18th, according to Coinglass data, if Bitcoin falls below $85,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.052 billion.

Conversely, if Bitcoin surpasses $88,000, the cumulative short liquidation intensity on mainstream CEXs will reach $371 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 represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that when the price reaches that point, it will experience a more intense reaction due to a liquidity cascade.