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If Bitcoin surpasses $115,000, the mainstream CEX cumulative short liquidation pressure will reach 694 million.
BlockBeats News, August 6th, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short liquidation intensity on mainstream CEX will reach $694 million.
Conversely, if Bitcoin falls below $112,000, the cumulative long liquidation intensity on mainstream CEX will be $843 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the asset price reaching a certain position will be affected. Higher "liquidation bars" indicate that when the price reaches them, a more intense reaction will occur due to a liquidity cascade.
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