BlockBeats news, on December 23, according to Coinglass data, if Bitcoin falls below 86,000 USD, the cumulative liquidation strength of long positions on mainstream CEX will reach 1.017 billion.
Conversely, if Bitcoin breaks through 90,000 USD, the cumulative liquidation strength of short positions on mainstream CEX will reach 677 million.
BlockBeats 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 represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. Higher 'liquidation bars' indicate that after the price reaches that point, a stronger reaction will occur due to liquidity waves.
