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If Bitcoin falls below 84,000 USD, the cumulative liquidation intensity of long orders on mainstream CEX will reach 1.185 billion.
On November 21, according to Coinglass data, if Bitcoin falls below $84,000, the cumulative long order liquidation intensity on mainstream CEXs will reach $1.185 billion. Conversely, if Bitcoin breaks above $88,000, the cumulative short order liquidation intensity on mainstream CEXs will reach $278 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. Higher “liquidation bars” indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.