BlockBeats News, October 1st, according to Coinglass data, if Bitcoin breaks above $119,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.153 billion.
Conversely, if Bitcoin falls below $115,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.343 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation 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 liquidation clusters, that is, the 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 reaching that level will trigger a more intense reaction due to a liquidity cascade.
