BlockBeats News, January 28 — According to Coinglass data, if Bitcoin rebounds and breaks through $90,000, the cumulative short liquidation strength on mainstream CEXs will reach 435 million.
Conversely, if Bitcoin drops below $88,000, the cumulative long liquidation strength on mainstream CEXs will be 497 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 compared to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows how much impact the price reaching a certain level will have. Higher “liquidation bars” indicate that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
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