If Bitcoin breaks through $92,000, the mainstream CEX cumulative short liquidation pressure will reach $770 million

BlockBeats News, December 22nd, according to Coinglass data, if Bitcoin breaks through $92,000, the cumulative short liquidation intensity on mainstream CEXs will reach $770 million.

Conversely, if Bitcoin drops below $88,000, the cumulative long liquidation intensity on mainstream CEXs will reach $517 million.

BlockBeats Note: The liquidation chart does not accurately display the 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, 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 the price will experience a more intense reaction due to a liquidity cascade once it reaches that point.