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CoinVoice has learned that, according to Coinglass data, if Bitcoin falls below $89,000, the cumulative long liquidation intensity on major CEXs will reach 494 million. Conversely, if Bitcoin breaks above $91,000, the cumulative short liquidation intensity on major CEXs will reach 380 million.
It is reported that 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 actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher "liquidation bars" indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.