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If Bitcoin drops below $114,000, the mainstream CEX long liquidation pressure will reach 737 million.
BlockBeats News, September 15th, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long liquidation intensity on mainstream CEXs will reach $737 million.
Conversely, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity on mainstream CEXs will only be $65.35 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated 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 clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted 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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