BlockBeats News, December 25th, according to Coinglass data, if Bitcoin surpasses $89,000, the mainstream CEX's cumulative short liquidation intensity will reach 518 million.
Conversely, if Bitcoin falls below $86,000, the mainstream CEX's cumulative long liquidation intensity will reach 603 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be impacted. A higher "liquidation bar" indicates that once the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.
