If Bitcoin drops below $91,000, the mainstream CEX long liquidation volume will reach 768 million.

2024-11-26 20:08

BlockBeats News, November 26th, according to Coinglass data, if Bitcoin falls below $91,000, the cumulative long liquidation intensity on mainstream CEXs will reach $768 million.


Conversely, if Bitcoin surpasses $94,000, the cumulative short liquidation intensity on mainstream CEXs will reach $565 million.


BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.


Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.

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