If Bitcoin falls below $86,000, the total liquidation intensity of long positions on major CEXs will reach $514 million.
TL;DR
If Bitcoin drops below $86,000, long positions on major exchanges could face $514 million in liquidations. Conversely, breaking $90,000 might trigger $417 million in short liquidations, with higher bars indicating stronger price reactions.
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According to ChainCatcher, Coinglass data suggests that if Bitcoin falls below $86,000, the total liquidation intensity of long positions on major centralized exchanges (CEXs) will reach $514 million. Conversely, if Bitcoin breaks through $90,000, the total liquidation intensity of short positions on major CEXs will reach $417 million.
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 represent the importance, or strength, of each liquidation cluster relative to its neighboring clusters. 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 to the liquidity surge once that level is reached.