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If Bitcoin breaks $114,000, mainstream CEX cumulative short liquidation intensity will reach $1.226 billion.
BlockBeats News, September 9th, according to Coinglass data, if Bitcoin breaks through $114,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.226 billion.
Conversely, if Bitcoin drops below $110,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.603 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent 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 more intense reaction due to a liquidity cascade.
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