If Bitcoin drops below $112,000, the mainstream CEX long liquidation pressure will reach $1.09 billion

BlockBeats News, August 2nd, according to Coinglass data, if Bitcoin falls below $112,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.09 billion.

On the other hand, if Bitcoin rebounds to $116,713, the cumulative short liquidation intensity on mainstream CEXs will reach $2.504 billion.

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

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