Crypto trading platform Beats reported that on November 15, mainstream cryptocurrency exchanges may experience significant liquidation intensities based on Coinglass data. If Bitcoin’s price falls below $86,000, the cumulative long order liquidation intensity will reach $1.389 billion. On the other hand, if Bitcoin surpasses $89,000, the cumulative short order liquidation intensity for mainstream exchanges will reach $782 million.
It’s important to note that the liquidation chart does not display the exact amount or value of contracts being liquidated. Instead, it highlights the significance of each liquidation cluster compared to adjacent clusters, thus providing an indication of how the underlying price will react when reaching a certain position.
A higher “liquidation bar” signifies a stronger reaction from the price to the liquidity wave. Source link
