BlockBeats News, August 19th, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.292 billion.
Conversely, if Bitcoin surpasses $117,000, the cumulative short liquidation intensity on mainstream CEXs will reach $868 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring 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 will experience a more intense reaction due to a liquidity cascade when it reaches that level.
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