If Bitcoin falls below $107,000, the mainstream CEX long liquidation pressure will reach $1.127 billion

BlockBeats News, August 29th, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.127 billion.

Conversely, if Bitcoin surpasses $110,000, the cumulative short liquidation intensity of mainstream CEXs will only be $186 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to the adjacent liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, once reached, will see a more intense reaction due to a liquidity cascade.