BlockBeats News, on August 25, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.049 billion.
Conversely, if Bitcoin drops below $112,000, the cumulative long liquidation intensity on mainstream CEX will reach $209 million.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
