BlockBeats News, September 20th, according to Coinglass data, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity of mainstream CEX will reach $594 million.
Conversely, if Bitcoin falls below $114,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.002 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, 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 once it reaches that level.
