Bitcoin Price Movements Could Trigger Significant Liquidations on Major Exchanges

According to BlockBeats, data from Coinglass indicates that if Bitcoin surpasses $89,000, the cumulative short liquidation intensity on major centralized exchanges (CEX) will reach $399 million. Conversely, if Bitcoin falls below $86,000, the cumulative long liquidation intensity will amount to $556 million. BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or their precise value. Instead, the chart's bars represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity. Therefore, the chart illustrates the extent to which the target price reaching a certain level will be affected. A higher 'liquidation bar' suggests a more intense reaction due to a liquidity wave when the price reaches that level.