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If Bitcoin drops below $113,000, the mainstream CEX long liquidation volume will reach $944 million.
BlockBeats News, August 5th, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity of mainstream CEXs will reach $944 million.
On the other hand, if Bitcoin rebounds above $115,000, the cumulative short liquidation intensity of mainstream CEXs will reach $77.28 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, known as intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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