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If Bitcoin drops below $114,000, the mainstream CEX long liquidation pressure will reach $1.78 billion
BlockBeats News, July 25th, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.78 billion.
On the other hand, if Bitcoin surpasses $117,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.09 billion.
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 relative importance of each liquidation cluster 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, when reached, will react more strongly due to a liquidity cascade.
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