If Bitcoin drops below $115,000, the mainstream CEX long liquidation pressure will reach $1.279 billion

BlockBeats News, September 17th, according to Coinglass data, if Bitcoin falls below $115,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.279 billion.

Conversely, if Bitcoin surpasses $117,000, the cumulative short liquidation intensity on mainstream CEXs will only be $41.8129 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, that is, the intensity.

Therefore, the liquidation chart illustrates to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.