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If Bitcoin surpasses $119,000, the mainstream CEX cumulative short liquidation pressure will reach 4.11 billion.
BlockBeats News, July 21st, according to Coinglass data, if Bitcoin surpasses $119,000, the cumulative short liquidation intensity on mainstream CEXs will reach 4.11 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on mainstream CEXs will reach 5.11 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the 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 stronger reaction due to a liquidity cascade once it reaches that level.
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