According to recent data from Coinglass, as reported by COINOTAG News on November 26th, the dynamics surrounding Bitcoin are particularly noteworthy. Should Bitcoin decline beneath the critical level of $91,000, the cumulative long liquidation intensity across leading centralized exchanges (CEXs) could escalate to a significant $768 million. Conversely, an upward movement that pushes Bitcoin past $94,000 may trigger a cumulative short liquidation intensity amounting to $565 million. It’s important to clarify that the liquidation chart does not precisely quantify the number of contracts subject to liquidation; rather, it illustrates the intensity of potential liquidations based on price thresholds. The height of each bar reflects the potential impact of reaching specific price points, indicating that higher bars are likely to lead to more pronounced market reactions due to liquidity cascades.
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