BlockBeats News, August 26th, according to Coinglass data, if Bitcoin falls below $108,000, the total long liquidation intensity of mainstream CEXes will reach 666 million.
Conversely, if Bitcoin surpasses $110,000, the total short liquidation intensity of mainstream CEXes will only be 42.885 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring clusters, in other words, 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 once the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.
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