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If Bitcoin breaks through $92,000, the cumulative short order liquidation intensity of mainstream CEX will reach $557 million.
On November 29, according to Coinglass data, if Bitcoin breaks through $92,000, the cumulative short order liquidation intensity of mainstream CEX will reach $557 million. Conversely, if Bitcoin falls below $89,000, the cumulative long order liquidation intensity of mainstream CEX will reach $838 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, it will respond more strongly due to a wave of liquidity.