If Bitcoin breaches $117,000, the mainstream CEX total short liquidation volume will reach $5.58 billion.

BlockBeats News, August 18th, according to Coinglass data, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity of mainstream CEX will reach 558 million.

Conversely, if Bitcoin falls below $113,000, the cumulative long liquidation intensity of mainstream CEX will reach 690 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, that is, the intensity.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that point.