If Bitcoin falls below $88,000, the mainstream CEX long liquidation pressure will reach $489 million.

Dec 11: Data from Coinglass shows Bitcoin’s cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $489 million if it drops below $88,000. On the flip side, if Bitcoin breaks above $92,000, cumulative short liquidation intensity on leading CEXs will reach $558 million. BlockBeats Note: Liquidation charts don’t accurately show the number of contracts pending liquidation or the exact value of liquidated contracts. The bars reflect how important each liquidation cluster is compared to nearby ones—i.e., intensity. Thus, the chart illustrates how much an underlying asset’s price will be impacted when it hits a specific level. A taller “liquidation bar” means the price, once reached, will see a more intense reaction from a liquidity cascade.