BlockBeats News, September 22nd, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long liquidation intensity on mainstream CEXs will reach 633 million.
Conversely, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity on mainstream CEXs will only be 29.9135 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price will experience a more intense reaction due to a liquidity cascade when it reaches that level.
