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If Bitcoin breaks its all-time high, the mainstream CEX's total short liquidation volume will reach 793 million.
BlockBeats News, August 11th, according to Coinglass data, if Bitcoin breaks its all-time high, the cumulative short liquidation strength of mainstream CEXs will reach 793 million.
Conversely, if Bitcoin falls below $120,000, the cumulative long liquidation strength of mainstream CEXs will reach 1.084 billion.
BlockBeats Note: The liquidation chart does not accurately display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense response due to a liquidity cascade.
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