ChainCatcher reports that, according to Coinglass data, if Bitcoin falls below $88,000, the cumulative long liquidation intensity on major CEXs will reach 638 million. Conversely, if Bitcoin breaks above $91,000, the cumulative short liquidation intensity on major CEXs will reach 1.034 billion USD.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price reaching a certain level will be affected. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
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