Data: If Bitcoin breaks through $90,000, the cumulative short position liquidation intensity on major CEXs will reach $541 million.
TL;DR
If Bitcoin surpasses $90,000, major CEXs could see $541 million in short liquidations, while a drop below $87,000 might trigger $703 million in long liquidations. The liquidation chart indicates price impact intensity, not exact contract values.
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[Data: If Bitcoin breaks $90,000, the cumulative short liquidation intensity on major CEXs will reach 541 million] According to Coinglass data, if Bitcoin breaks $90,000, the cumulative short liquidation intensity on major CEXs will reach 541 million. Conversely, if Bitcoin falls below $87,000, the cumulative long liquidation intensity on major CEXs will reach 703 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.