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If Bitcoin falls below 116,000 USD, the cumulative long order liquidation intensity of mainstream CEX will reach 2.078 billion.
On August 15, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity on mainstream CEX will reach $2.078 billion. Conversely, if Bitcoin breaks above $120,000, the cumulative short order liquidation intensity on mainstream CEX will reach $938 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, that is, the 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 level, there will be a stronger reaction due to liquidity waves.