BlockBeats news, on August 19, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.292 billion.
Conversely, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity on mainstream CEX will reach $868 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The pillars 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 target price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that when the price reaches that point, there will be a stronger reaction due to liquidity waves.
