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If Bitcoin falls below $82,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.285 billion.
On November 22, according to Coinglass data, if Bitcoin falls below $82,000, the cumulative long order liquidation intensity on mainstream CEXs will reach $1.285 billion. Conversely, if Bitcoin breaks through $86,000, the cumulative short order liquidation intensity on mainstream CEXs will reach $760 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 significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price is reached, it will generate a stronger response due to a liquidity wave.