BlockBeats news, on August 11, according to Coinglass data, if Bitcoin breaks its historical high, the cumulative short liquidation intensity on mainstream CEX will reach 793 million.
Conversely, if Bitcoin falls below $120,000, the cumulative long liquidation intensity on mainstream CEX will reach 1.084 billion.
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 bars on the liquidation chart actually represent the importance, that is, the intensity of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher 'liquidation bar' indicates that when the price reaches that point, there will be a stronger reaction due to liquidity waves.
