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If Bitcoin surpasses $114,000, the total short liquidation volume on major CEXs will reach $847 million.
BlockBeats News, September 5th, according to Coinglass data, if Bitcoin breaks through $114,000, the cumulative short liquidation intensity of mainstream CEXs will reach $847 million.
Conversely, if Bitcoin drops below $111,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.416 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart illustrates to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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