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If Bitcoin drops below $91,000, the cumulative liquidation strength of mainstream CEX long positions will reach 972 million.
On December 10, according to Coinglass data, if Bitcoin falls below $91,000, the cumulative long liquidation intensity on major CEXs will reach 972 million. Conversely, if Bitcoin breaks above $94,000, the cumulative short liquidation intensity on major CEXs will reach 612 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price of the underlying asset will be affected when it reaches certain levels. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a more intense reaction due to liquidity waves.