If Bitcoin drops below $88,000, the mainstream CEX's long liquidation pressure will reach 606 million.

On December 7, Coinglass data shows that if Bitcoin drops below $88,000, cumulative long liquidation intensity across major centralized exchanges (CEXs) will hit $606 million. Conversely, should Bitcoin climb above $91,000, cumulative short liquidation intensity on these major CEXs will reach $611 million. BlockBeats Note: Liquidation charts do not precisely show the number of contracts at risk of liquidation or the exact value of contracts being liquidated. Instead, the bars on these charts reflect how significant each liquidation cluster is compared to adjacent clusters — in other words, their intensity. As a result, these charts illustrate how strongly reaching a specific price level will impact the market. A taller “liquidation bar” means that if prices hit that level, a more intense reaction will follow due to a liquidity cascade.