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If Bitcoin surpasses $121,000, the mainstream CEX cumulative short liquidation pressure will reach $1.061 billion
BlockBeats News, July 14th, according to Coinglass data, if Bitcoin breaks through $121,000, the total short liquidation intensity on mainstream CEXs will reach $1.061 billion.
Conversely, if Bitcoin falls below $118,000, the total long liquidation intensity on mainstream CEXs will be $669 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation 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 the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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