On December 5, according to Coinglass data, if Bitcoin breaks through $94,000, the total short liquidation intensity across major CEXs will reach $1 billion. Conversely, if Bitcoin falls below $91,000, the total long liquidation intensity across major CEXs will reach $641 million. BlockBeats Note: 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 show the relative significance—that is, the intensity—of each liquidation cluster compared to adjacent clusters. Therefore, the chart demonstrates the extent to which the underlying asset price reaching a certain level will have an impact. A higher “liquidation bar” indicates that, once the price reaches that level, there will be a more intense reaction due to a wave of liquidity.
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If Bitcoin breaks $94,000, the total short liquidation intensity on major CEXs will reach $1 billion.
On December 5, according to Coinglass data, if Bitcoin breaks through $94,000, the total short liquidation intensity across major CEXs will reach $1 billion. Conversely, if Bitcoin falls below $91,000, the total long liquidation intensity across major CEXs will reach $641 million. BlockBeats Note: 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 show the relative significance—that is, the intensity—of each liquidation cluster compared to adjacent clusters. Therefore, the chart demonstrates the extent to which the underlying asset price reaching a certain level will have an impact. A higher “liquidation bar” indicates that, once the price reaches that level, there will be a more intense reaction due to a wave of liquidity.