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If Bitcoin surpasses $114,000, the mainstream CEX cumulative short liquidation intensity will reach 603 million.
BlockBeats News, August 3rd, according to Coinglass data, if Bitcoin breaks through $114,000, the total short liquidation strength of mainstream CEXs will reach 603 million.
On the other hand, if Bitcoin falls below $112,000, the total long liquidation strength of mainstream CEXs will only be 68.916 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., strength.
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 have a more intense reaction due to a liquidity cascade when it reaches that level.
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