BlockBeats news, on August 15, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on mainstream CEX will reach $2.078 billion.
On the contrary, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity on mainstream CEX will reach $938 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 show the importance, i.e., intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows how much the underlying price reaching a certain position will be affected. A higher 'liquidation column' indicates that after the price reaches that point, there will be a stronger reaction due to a wave of liquidity.
