If Bitcoin falls below $84,000, the mainstream CEX long squeeze intensity will reach $623 million.

On November 23rd, according to Coinglass data, if Bitcoin drops below $84,000, the cumulative long liquidation intensity of mainstream CEXs will amount to $623 million. Conversely, if Bitcoin rises above $88,000, the cumulative short liquidation intensity of mainstream CEXs will only be $533 million. BlockBeats Note: The liquidation chart does not accurately depict the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which reaching a certain price level will have an impact. Higher "liquidation bars" indicate that when the price reaches that level, a more intense response will be triggered due to a liquidity cascade.