BlockBeats News, September 30th, according to Coinglass data, if Bitcoin breaks through $116,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.08 billion.
On the other hand, if Bitcoin falls below $112,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.442 billion.
BlockBeats Note: The liquidation chart does not accurately show the number of contracts awaiting liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring 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, when reached, will have a more intense reaction due to a liquidity cascade.
