If Bitcoin falls below $88,000, the mainstream CEX long liquidation pressure will reach $617 million.

As of December 5th, Coinglass data indicates that if Bitcoin falls below $88,000, the cumulative long liquidation intensity across mainstream centralized exchanges (CEXs) will reach $617 million. Conversely, should Bitcoin rise above $92,000, the cumulative short liquidation intensity for these same mainstream CEXs will hit $455 million. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts being liquidated. Instead, the bars on these charts reflect the relative importance of each liquidation cluster compared to adjacent clusters—meaning their "intensity." Put simply, the chart shows how impactful a given price level will be: taller bars signal that hitting that price will trigger a more intense reaction due to a liquidity cascade.