If Bitcoin breaks through $93,000, the total short-selling intensity on major CEXs will reach $528 million.
TL;DR
If Bitcoin surpasses $93,000, major exchanges could see $528 million in short liquidations, while a drop below $90,000 might trigger $364 million in long liquidations. The chart indicates price sensitivity at these levels, with higher bars showing stronger potential reactions due to liquidity surges.
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[If Bitcoin breaks through $93,000, the cumulative short liquidation intensity on major CEXs will reach 528 million] According to Mars Finance, Coinglass data indicates that if Bitcoin breaks through $93,000, the cumulative short liquidation intensity on major CEXs will reach 528 million. Conversely, if Bitcoin falls below $90,000, the cumulative long liquidation intensity on major CEXs will also reach 364 million. Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to its neighboring liquidation clusters, i.e., its strength. Therefore, the liquidation chart shows the extent to which the price of an asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly due to the liquidity surge after reaching that level.