BlockBeats News, December 21st, according to Coinglass data, if Bitcoin breaks through $90,000, the total short liquidation intensity of mainstream CEXs will reach 4.81 billion.
Conversely, if Bitcoin drops below $87,000, the total long liquidation intensity of mainstream CEXs will reach 5.14 billion.
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 relative importance of each liquidation cluster to neighboring liquidation clusters, i.e., 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 level, it will have a more intense reaction due to a liquidity cascade.
