If Bitcoin falls below $84,000, the cumulative long liquidation intensity on major CEXs will reach $623 millions.

BlockBeats News, November 23, according to Coinglass data, if bitcoin falls below $84,000, the cumulative long liquidation intensity on major CEXs will reach $623 million.

Conversely, if bitcoin breaks through $88,000, the cumulative short liquidation intensity on major CEXs will only be $533 million.

BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.

Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.