BlockBeats news, on August 22, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.734 billion.
Conversely, if Bitcoin falls below $111,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.183 billion.
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 bars 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 the extent to which the target price will be affected when it reaches a certain level. A higher 'liquidation bar' indicates that when the price reaches that point, there will be a stronger reaction due to liquidity waves.
