According to BlockBeats news, on November 11, according to Coinglass data, if Bitcoin exceeds $85,000, the cumulative short order liquidation intensity of mainstream CEX will reach 433 million.
On the contrary, if Bitcoin falls below US$80,000, the cumulative long order liquidation intensity of mainstream CEX will reach 752 million.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated, or the precise value of the contracts being liquidated. The bars on the liquidation chart show the importance, or strength, of each liquidation cluster relative to adjacent liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price will react more strongly to the liquidity wave later.
