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If Bitcoin surpasses $118,000, the mainstream CEX aggregated short liquidation pressure will reach $1.069 billion.
BlockBeats News, September 15, according to Coinglass data, if Bitcoin breaks through $11.8K, the cumulative short liquidation intensity of mainstream CEXs will reach $1.069 billion.
Conversely, if Bitcoin drops below $11.4K, the cumulative long liquidation intensity of mainstream CEXs will reach $678 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the 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 reaching that level will trigger a more intense response due to a liquidity cascade.
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