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If Bitcoin falls below $88,000, the cumulative liquidation strength of long positions on mainstream CEXes will reach 1.071 billion.
On December 13, according to Coinglass data, if Bitcoin falls below $88,000, the cumulative long liquidation strength on mainstream CEXs will reach 1.071 billion. Conversely, if Bitcoin breaks through $92,000, the cumulative short liquidation strength on mainstream CEXs will reach 1.057 billion. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.