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If Bitcoin breaks $114,000, the mainstream CEX's total short liquidation volume will reach $1.289 billion
BlockBeats News, September 4th, according to Coinglass data, if Bitcoin breaks through $114,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.289 billion.
Conversely, if Bitcoin falls below $111,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.231 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to the adjacent cluster, that is, the intensity.
Therefore, the liquidation chart shows to what extent the underlying asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that level.
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