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If Bitcoin breaks $119,000, the mainstream CEX aggregate short liquidation pressure will reach $948 million.
BlockBeats News, July 26th, according to Coinglass data, if Bitcoin breaks above $119,000, the total short liquidation strength on mainstream CEXs will reach $948 million.
Conversely, if Bitcoin drops below $116,000, the total long liquidation strength on mainstream CEXs will reach $588 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., strength.
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, when reached, will have a more pronounced reaction due to a liquidity cascade.
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