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If Bitcoin drops below $110,000, the mainstream CEX long liquidation pressure will reach $977 million
BlockBeats News, September 5th, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity on mainstream CEXs will reach $977 million.
Conversely, if Bitcoin surpasses $113,000, the cumulative short liquidation intensity on mainstream CEXs will reach $975 million.
BlockBeats Note: The liquidation chart does not precisely show the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart illustrates 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 reaching that level will trigger a more intense reaction due to a liquidity cascade.
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