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If Bitcoin breaks through $115,000, the cumulative short order liquidation intensity of mainstream CEX will reach 694 million.
On August 6, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short order liquidation strength of mainstream CEX will reach $694 million. Conversely, if Bitcoin falls below $112,000, the cumulative long order liquidation strength of mainstream CEX will be $843 million. Note from BlockBeats: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart indicates the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that when the price reaches that point, there will be a stronger reaction due to liquidity waves.