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If Bitcoin breaks through $125,000, the mainstream CEX cumulative short liquidation pressure will reach 360 million.
BlockBeats News, July 14th, according to Coinglass data, if Bitcoin breaks through $125,000, the cumulative short liquidation intensity of mainstream CEXs will reach 360 million.
Conversely, if Bitcoin falls below $121,000, the cumulative long liquidation intensity of mainstream CEXs will reach 110 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 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, when reached, will have a more intense response due to a liquidity cascade.
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