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If Bitcoin surpasses $110,000, the mainstream CEX's total short liquidation volume will reach $514 million.
BlockBeats News, August 31st, according to Coinglass data, if Bitcoin breaks through $110,000, the cumulative short liquidation intensity of mainstream CEX will reach 514 million.
Conversely, if Bitcoin falls below $108,000, the cumulative long liquidation intensity of mainstream CEX will reach 171 million.
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 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 will have a more intense reaction due to the liquidity shock wave after reaching that level.
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