If Bitcoin falls below $113,000, the mainstream CEX long liquidation volume will reach $1.297 billion

BlockBeats News, August 24th, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.297 billion.

Conversely, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity of mainstream CEXs will reach $423 million.

BlockBeats Note: The liquidation chart does not precisely display the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.