If Bitcoin drops below $113,000, the cumulative long liquidation strength of mainstream CEXs will reach $1.348 billion

BlockBeats News, September 16th, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long liquidation strength of mainstream CEXs will reach $1.348 billion.

Conversely, if Bitcoin surpasses $117,000, the cumulative short liquidation strength of mainstream CEXs will reach $891 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, in other words, strength.

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