If Bitcoin drops below $84,000, the mainstream CEX long liquidation pressure will reach $1.185 billion

BlockBeats News, November 21st, according to Coinglass data, if Bitcoin falls below $84,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.185 billion.

On the other hand, if Bitcoin surpasses $88,000, the cumulative short liquidation intensity of mainstream CEX will reach $278 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.

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