If Bitcoin falls below $89,000, the total liquidation intensity of long positions on major CEXs will reach $494 million.
TL;DR
Bitcoin falling below $89,000 could trigger $494 million in long position liquidations on major exchanges, while breaking above $91,000 might lead to $380 million in short liquidations. The liquidation chart indicates price impact intensity, not exact contract values.
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[If Bitcoin falls below $89,000, the cumulative long position liquidation intensity on major CEXs will reach 494 million] According to Mars Finance, Coinglass data indicates that if Bitcoin falls below $89,000, the cumulative long position liquidation intensity on major CEXs will reach 494 million. Conversely, if Bitcoin breaks through $91,000, the cumulative short position liquidation intensity on major CEXs will reach 380 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.