If Bitcoin Breaks Through $90,000, the Cumulative Short Position Liquidation Intensity on Major CEXs Will Reach $541 Million

Odaily News According to Coinglass data, if Bitcoin breaks through $90,000, the cumulative short position liquidation intensity on major CEXs will reach $541 million.

Conversely, if Bitcoin falls below $87,000, the cumulative long position liquidation intensity on major CEXs will reach $703 million.

BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to its neighboring clusters.

Therefore, the liquidation chart illustrates the degree of impact when the underlying asset's price reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that point, a more intense reaction will be triggered due to liquidity waves.