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If Bitcoin drops below $110,000, the cumulative long liquidation pressure on mainstream CEXs will reach 1.128 billion.
BlockBeats News, August 25th, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.128 billion.
Conversely, if Bitcoin breaks above $115,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.332 billion.
BlockBeats Note: The liquidation chart does not show an exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.
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