BlockBeats news, on August 4, according to Coinglass data, if Bitcoin breaks through $116,000, the cumulative short liquidation intensity on major CEX will reach $736 million.
Conversely, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on major CEX will be $570 million.
BlockBeats note: the liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The pillars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the target price reaching a certain position will be affected. A higher 'liquidation pillar' indicates that once the price reaches that point, there will be a stronger reaction due to the liquidity wave.
