ChainCatcher reports that, according to Coinglass data, if Bitcoin falls below $90,000, the cumulative long liquidation strength on major CEXs will reach 502 million. Conversely, if Bitcoin breaks above $93,000, the cumulative short liquidation strength on major CEXs will reach 767 million USD.
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 to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price will generate a stronger reaction due to liquidity waves once reached.
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