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If Bitcoin surpasses $115,000, the mainstream CEX total short liquidation volume will reach $1.642 billion.
BlockBeats News, August 22nd, according to Coinglass data, if Bitcoin breaks through $115,000, the cumulative short liquidation strength of mainstream CEXs will reach $1.642 billion.
Conversely, if Bitcoin falls below $111,000, the cumulative long liquidation strength of mainstream CEXs will reach $1.232 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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