BlockBeats news, on August 6, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short liquidation intensity of mainstream CEX will reach $694 million.
Conversely, if Bitcoin falls below $112,000, the cumulative long liquidation intensity of mainstream CEX will be $843 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The columns 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 underlying price reaching a certain position will be affected. A higher 'liquidation column' indicates that once the price reaches that point, it will generate a stronger reaction due to liquidity waves.
