BlockBeats News, September 21st, according to Coinglass data, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity of mainstream CEXs will reach $404 million.
Conversely, if Bitcoin falls below $114,000, the cumulative long liquidation intensity of mainstream CEXs will reach $475 million.
BlockBeats Note: The liquidation chart does not show the exact 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 adjacent clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price, when reached, will experience a more intense reaction due to a liquidity surge.
