BlockBeats News, on August 18, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on major CEXs will reach $984 million.
Conversely, if Bitcoin breaks above $117,000, the cumulative short liquidation intensity on major CEXs will reach $688 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of liquidated contracts. The bars on the liquidation chart actually represent the importance, i.e., intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when it reaches a certain level. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
