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If Bitcoin drops below $116,000, the mainstream CEX's cumulative long liquidation depth will reach $1.039 billion
BlockBeats News, July 25th, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.039 billion.
Conversely, if Bitcoin breaks above $118,000, the cumulative short liquidation intensity of mainstream CEXs will reach $671 million.
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 neighboring clusters, that is, intensity.
Therefore, the liquidation chart illustrates 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 face a more intense reaction due to a liquidity cascade once it reaches that point.
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