According to ChainCatcher, Coinglass data suggests that if Bitcoin breaks through $89,000, the total short position liquidation intensity on major CEXs will reach $600 million. Conversely, if Bitcoin falls below $86,000, the total long position liquidation intensity on major CEXs will reach $421 million.
Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart represent the importance, or strength, of each liquidation cluster relative to its neighboring clusters. Therefore, the liquidation chart shows the extent to which the price of an asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly to the liquidity surge once that level is reached.
