BlockBeats News, August 3, according to Coinglass data, if Bitcoin breaks through $114,000, the cumulative short liquidation intensity on mainstream CEX will reach $603 million.
Conversely, if Bitcoin falls below $112,000, the cumulative long liquidation intensity on mainstream CEX will only be $68.916 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
