If Bitcoin drops below $88,000, the mainstream CEX long liquidation volume will reach $829 million.

BlockBeats News, November 18th, according to Coinglass data, if Bitcoin falls below $88,000, the cumulative long liquidation intensity of mainstream CEXs will reach 829 million.

Conversely, if Bitcoin breaks above $91,000, the cumulative short liquidation intensity of mainstream CEXs will reach 702 million.

BlockBeats Note: The liquidation chart does not precisely display the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price reaching that level will have a more intense reaction due to a liquidity cascade.