If Bitcoin drops below $116,000, the mainstream CEX long liquidation volume will reach $2.078 billion

BlockBeats News, August 15th, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach $2.078 billion.

Conversely, if Bitcoin surpasses $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $938 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., 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 reaching that level will trigger a stronger reaction due to a liquidity cascade.