Data: If Bitcoin falls below $113,000, the long liquidation intensity on mainstream CEX may reach $1.292 billion; if it rises above $117,000, the short liquidation intensity may reach $868 million

ChainCatcher news, according to the Coinglass liquidation heat map, if the Bitcoin price drops to around $113,000, the cumulative long liquidation intensity on mainstream centralized exchanges is expected to reach $1.292 billion; conversely, if it breaks above $117,000, the cumulative short liquidation intensity could reach $868 million.
Coinglass notes that the "liquidation map" shows the relative intensity of liquidation clusters at various price ranges, rather than the exact number or nominal value of contracts to be liquidated; the higher the bar, the more severe the price reaction may be due to liquidity shocks when the price reaches that range.