On November 24th, based on Coinglass data, if Bitcoin manages to break through $89,000, the cumulative short liquidation intensity on mainstream CEXs will reach $649 million. On the other hand, if Bitcoin drops below $86,000, the cumulative long liquidation intensity on mainstream CEXs will reach $394 million. BlockBeats Notes: The liquidation chart does not provide the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the asset price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will experience a more intense reaction due to the surge in liquidity.
