If Bitcoin drops below $86,000, the mainstream CEX long liquidation volume will reach 565 million.

BlockBeats News, December 29th, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative liquidation strength of mainstream CEX longs will reach 565 million.

Conversely, if Bitcoin surpasses $89,000, the cumulative liquidation strength of mainstream CEX shorts will reach 918 million.

BlockBeats Note: The liquidation chart does not show 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 neighboring liquidation clusters, i.e., the strength.

Therefore, the liquidation chart shows to what extent the asset's price reaching a certain level will be affected. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.