BlockBeats news, on August 20, according to Coinglass data, if Bitcoin breaks through 115,000 USD, the cumulative short liquidation intensity on mainstream CEX will reach 1.122 billion.
Conversely, if Bitcoin falls below 112,000 USD, the cumulative long liquidation intensity on mainstream CEX will reach 882 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The pillars on the liquidation chart actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.
