BlockBeats News, on August 26, according to Coinglass data, if Bitcoin falls below $108,000, the cumulative long liquidation intensity on mainstream CEX will reach $666 million.
Conversely, if Bitcoin breaks above $110,000, the cumulative short liquidation intensity on mainstream CEX will only be $42.885 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 bars on the liquidation chart actually show the significance, 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 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.
