BlockBeats News, on November 25, according to Coinglass data, if Bitcoin falls below $93,000, the cumulative long liquidation intensity on mainstream CEX will reach $341 million.
Conversely, if Bitcoin breaks above $97,000, the cumulative short liquidation intensity on mainstream CEX will reach $308 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 represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
