If Bitcoin falls below $114,000, the cumulative long liquidation intensity on mainstream CEX will reach $687 million

ChainCatcher news, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long liquidation intensity on mainstream CEXs will reach $687 million. Conversely, if Bitcoin breaks above $117,000, the cumulative short liquidation intensity on mainstream CEXs will reach $494 million.

The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., 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 once the price reaches that point, there will be a stronger reaction due to liquidity waves.