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If Bitcoin falls below $110,000, the mainstream CEX long liquidation volume will reach $1.33 billion.
BlockBeats News, September 9th, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.33 billion.
Conversely, if Bitcoin surpasses $114,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.192 billion.
BlockBeats Note: The liquidation chart does not precisely display the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, known as intensity.
Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, it will prompt a stronger reaction due to a liquidity cascade.
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