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If Bitcoin drops below $113,000, the mainstream CEX's total long liquidation amount will reach $984 million
BlockBeats News, August 18th, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity of mainstream CEXs will reach $984 million.
On the other hand, if Bitcoin surpasses $117,000, the cumulative short liquidation intensity of mainstream CEXs will reach $688 million.
BlockBeats Note: The liquidation chart does not accurately display the number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, 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, once reached, will experience a more intense reaction due to a liquidity cascade.
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