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If Bitcoin falls below $114,000, the cumulative long order liquidation intensity on major CEX will reach $1.78 billion.
On July 25, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.78 billion. Conversely, if Bitcoin breaks through $117,000, the cumulative short order liquidation intensity on mainstream CEX will reach $1.09 billion. 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 nearby liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that when the price reaches that point, there will be a stronger reaction due to liquidity waves.