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If Bitcoin surpasses $116,000, the mainstream CEX cumulative short liquidation pressure will reach $1.745 billion.
BlockBeats News, September 11th, according to Coinglass data, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.745 billion.
Conversely, if Bitcoin falls below $112,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.701 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring 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 will react more strongly to the liquidity wave when it reaches that level.
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