If Bitcoin drops below $116,000, the mainstream CEX long liquidation pressure will reach 1.041 billion

BlockBeats News, August 16th, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.041 billion.

On the contrary, if Bitcoin surpasses $119,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.014 billion.

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

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will experience a more intense reaction due to a liquidity surge.