BlockBeats News, January 12th, according to Coinglass data, if Bitcoin breaks through $93,000, the mainstream CEX's cumulative short liquidation intensity will reach 352 million.
Conversely, if Bitcoin falls below $90,000, the mainstream CEX's cumulative long liquidation intensity will reach 637 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 represent the importance of each liquidation cluster relative 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 once the price reaches that point, a more intense reaction will occur due to a liquidity cascade.
