If Bitcoin falls below $88,000, the total liquidation intensity of long positions on major centralized exchanges will reach $1.071 billion.
TL;DR
If Bitcoin drops below $88,000, long positions on major exchanges could face $1.071 billion in liquidations, while a rise above $92,000 might trigger $1.057 billion in short liquidations. The chart shows liquidation intensity, not exact values, indicating price sensitivity at these levels.
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According to Coinglass data, if Bitcoin falls below $88,000, the cumulative liquidation intensity of long positions on major CEXs will reach $1.071 billion.
Conversely, if Bitcoin breaks through $92,000, the cumulative short-selling intensity on major CEXs will reach $1.057 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance, or strength, of each liquidation cluster relative to its neighboring liquidation clusters.
Therefore, the liquidation chart shows the extent to which the price of an asset is affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly due to liquidity surges once it reaches that level.