Bitcoin Price Movements Could Trigger Significant Liquidations

According to BlockBeats, data from Coinglass indicates that if Bitcoin surpasses $90,000, the cumulative short liquidation intensity on major centralized exchanges (CEX) will reach $1.76 billion. Conversely, if Bitcoin falls below $87,000, the cumulative long liquidation intensity on these exchanges will amount to $1.19 billion. 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, referred to as intensity. Thus, the chart illustrates the potential impact on the market when the asset price reaches certain levels. Higher "liquidation bars" suggest that reaching these price points will trigger a more intense reaction due to liquidity waves.