BlockBeats News, September 18th, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.326 billion.
Conversely, if Bitcoin falls below $115,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.226 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 represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher “liquidation bar” indicates that the price will experience a stronger reaction due to a liquidity cascade once reached.
