If Bitcoin drops below $89,000, the mainstream CEX long liquidation pressure will reach $1.127 billion

BlockBeats News, January 9th, according to Coinglass data, if Bitcoin falls below $89,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.127 billion.

Conversely, if Bitcoin surpasses $93,000, the cumulative short liquidation intensity of mainstream CEXs will reach $960 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be 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 have an impact. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.