CoinVoice has learned that, according to Coinglass data, if Bitcoin breaks through $93,000, the cumulative short liquidation strength on major CEXs will reach 352 million. Conversely, if Bitcoin drops below $90,000, the cumulative long liquidation strength on major CEXs will reach 637 million. 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 actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity. Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation columns" indicate that the price will react more strongly due to liquidity waves once it reaches that level.
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CoinVoice has learned that, according to Coinglass data, if Bitcoin breaks through $93,000, the cumulative short liquidation strength on major CEXs will reach 352 million. Conversely, if Bitcoin drops below $90,000, the cumulative long liquidation strength on major CEXs will reach 637 million. 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 actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity. Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation columns" indicate that the price will react more strongly due to liquidity waves once it reaches that level.