BlockBeats News, on August 18, according to Coinglass data, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity on mainstream CEX will reach $558 million.
Conversely, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on mainstream CEX will reach $690 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Thus, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.
