If Bitcoin breaks through $117,000, the cumulative short liquidation intensity on mainstream CEX will reach $594 million

ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity on major CEXs will reach $594 million. Conversely, if Bitcoin falls below $114,000, the cumulative long liquidation intensity on major CEXs will reach $1.002 billion.

Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance 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 level 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.