If Bitcoin drops below $86,000, the cumulative long liquidation pressure on major CEXs will reach $1.389 billion

BlockBeats News, November 15th, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.389 billion.

Conversely, if Bitcoin breaks above $89,000, the cumulative short liquidation intensity of mainstream CEXs will reach $0.782 billion.

BlockBeats Note: The liquidation chart does not display 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 relative importance of each liquidation cluster to adjacent clusters, known as intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.