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If Bitcoin breaks $112,000, the mainstream CEX combined short liquidation volume will reach $1.291 billion
BlockBeats News, August 26th, according to Coinglass data, if Bitcoin breaks through $112,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.291 billion.
Conversely, if Bitcoin falls below $108,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.048 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to neighboring ones, i.e., the 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 experience a more intense reaction due to a liquidity cascade when it reaches that point.
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