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If Bitcoin falls below $116,000, the mainstream CEX long liquidation pressure will reach $677 million.
BlockBeats News, July 25th, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach 677 million.
Conversely, if Bitcoin surpasses $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach 259 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent ones, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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