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If Bitcoin drops below $115,000, the mainstream CEX liquidation pressure will reach $1.59 billion.
BlockBeats News, July 30th, according to Coinglass data, if Bitcoin falls below $115,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.59 billion.
Conversely, if Bitcoin breaks above $119,000, the cumulative short liquidation intensity of mainstream CEX will reach $390 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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