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If Bitcoin breaks through $115,000, the mainstream CEX cumulative short liquidation pressure will reach $1.749 billion.
BlockBeats News, September 9th, according to Coinglass data, if Bitcoin breaks above $115,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.749 billion.
Conversely, if Bitcoin falls below $111,000, the cumulative long liquidation intensity of mainstream CEXs will reach $925 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. Higher "liquidation bars" indicate that the price reaching that level will experience a stronger reaction due to a liquidity cascade.
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In the past 1 hour, there has been a total of $153 million in liquidations across the entire network, with long positions being the primary contributors to the liquidation cascade.
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