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If Bitcoin breaks $121,000, the mainstream CEX cumulative short liquidation pressure will reach $1.145 billion
BlockBeats News, July 28th, according to Coinglass data, if Bitcoin breaks through $121,000, the total short liquidation intensity of mainstream CEXs will reach $1.145 billion.
Conversely, if Bitcoin falls below $117,000, the total long liquidation intensity of mainstream CEXs will reach $1.594 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of the contracts to be 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 shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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