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If Bitcoin surpasses $116,000, the mainstream CEX cumulative short liquidation intensity will reach $736 million
BlockBeats News, August 4th, according to Coinglass data, if Bitcoin breaks through $116,000, the cumulative short liquidation intensity of mainstream CEXs will reach $736 million.
On the other hand, if Bitcoin falls below $113,000, the cumulative long liquidation intensity of mainstream CEXs will be $570 million.
BlockBeats Note: The liquidation chart does not provide an exact representation of the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to neighboring 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 when the price reaches that point, it will experience a stronger reaction due to a liquidity cascade.
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