BlockBeats news, on November 26, according to Coinglass data, if Bitcoin falls below $91,000, the cumulative long liquidation intensity of mainstream CEX will reach $768 million.
Conversely, if Bitcoin breaks through $94,000, the cumulative short liquidation intensity of mainstream CEX will reach $565 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster in proximity to others.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, it will react more strongly due to liquidity waves.
