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If Bitcoin breaks $115,000, the mainstream CEX aggregate short liquidation volume will reach $1.734 billion.
BlockBeats News, August 22nd, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.734 billion.
Conversely, if Bitcoin falls below $111,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.183 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring 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, once reached, will experience a stronger reaction due to a liquidity cascade.
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