If Bitcoin falls below $115,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.59 billion

ChainCatcher news, according to Coinglass data, if Bitcoin falls below $115,000, the cumulative long liquidation intensity on major CEXs will reach $1.59 billion.

Conversely, if Bitcoin breaks above $119,000, the cumulative short liquidation intensity on major CEXs will reach $390 million.

ChainCatcher note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance 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, it will generate a stronger reaction due to liquidity waves.