BlockBeats news, on August 24, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on mainstream CEX will reach 1.297 billion.
Conversely, if Bitcoin breaks above $116,000, the cumulative short liquidation intensity on mainstream CEX will reach 423 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated, nor the exact value of the contracts being liquidated. The columns 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 underlying price reaching a certain level will be affected. A higher 'liquidation column' indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.
