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If Bitcoin drops below $114,000, the mainstream CEX long liquidation pressure will reach $609 million
BlockBeats News, August 1st, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long liquidation intensity of mainstream CEXs will reach $609 million.
Conversely, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity of mainstream CEXs will only be $73.97 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to the adjacent liquidation cluster, that is, the intensity.
Therefore, the liquidation chart shows to what extent the asset's price reaching a certain level will be affected. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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