Bitcoin moves toward $94,000 or $90,000 level that could trigger liquidations in the hundreds of millions on major CEXs

Coinglass data cited by BlockBeats on December 9 show that if Bitcoin breaks above $94,000, the aggregate liquidation intensity of short positions on major centralized exchanges could reach $578 million. If Bitcoin instead falls below $90,000, the combined liquidation intensity for long positions on these platforms could be $458 million. BlockBeats noted that the liquidation chart does not display the exact number or precise value of contracts to be liquidated, and that each "liquidation bar" reflects the relative importance or intensity of a liquidation cluster compared with nearby clusters. Higher bars on this chart suggest that once price touches those levels, the resulting liquidity waves are likely to produce a stronger market reaction, according to BlockBeats.