If Bitcoin drops below $114,000, the mainstream CEX long liquidation volume will reach $657 million.

BlockBeats News, September 15th, according to Coinglass data, if Bitcoin falls below $114,000, the cumulative long liquidation intensity of mainstream CEX will reach 657 million.

Conversely, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity of mainstream CEX will be 210 million.

BlockBeats Note: The liquidation chart does not precisely show the number of contracts waiting to be liquidated or the exact value of contracts already liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the asset's price reaching a certain point will be affected. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.