If Bitcoin rebounds above $93,000, the cumulative short liquidation pressure on major CEXs will reach $1.186 billion

BlockBeats News, November 18th, according to Coinglass data, if Bitcoin rebounds above $93,000, the cumulative short liquidation strength of mainstream CEXs will reach $1.186 billion.

Conversely, if Bitcoin falls below $89,000, the cumulative long liquidation strength of mainstream CEXs will reach $1.155 billion.

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

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will experience a more intense reaction due to a liquidity cascade when it reaches that level.