On November 26, according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative short order liquidation intensity on major CEXs will reach $1.097 billion. Conversely, if Bitcoin falls below $85,000, the cumulative long order liquidation intensity on major CEXs will reach $816 million. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.
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If Bitcoin breaks through 89,000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 1.097 billion.
On November 26, according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative short order liquidation intensity on major CEXs will reach $1.097 billion. Conversely, if Bitcoin falls below $85,000, the cumulative long order liquidation intensity on major CEXs will reach $816 million. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.