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If Bitcoin falls below $115,000, the cumulative long order liquidation intensity of mainstream CEX will reach $1.59 billion.
On July 30, according to Coinglass data, if Bitcoin falls below 115,000 USD, the cumulative long order liquidation intensity of mainstream CEX will reach 1.59 billion. Conversely, if Bitcoin breaks above 119,000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 390 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.