If bitcoin surpasses $92,000, the cumulative short liquidation intensity on major CEXs will reach 557 millions
BlockBeats News, November 29, according to Coinglass data, if bitcoin breaks through $92,000, the cumulative short liquidation intensity on major CEXs will reach $557 millions.
Conversely, if bitcoin falls below $89,000, the cumulative long liquidation intensity on major CEXs will reach $838 millions.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to nearby clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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