If Bitcoin drops below $110,000, the mainstream CEX cumulative long liquidation pressure will reach $1.519 billion

BlockBeats News, September 23rd, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.519 billion.

Conversely, if Bitcoin surpasses $115,000, the cumulative short liquidation intensity of mainstream CEXs will be $1.528 billion.

BlockBeats Note: The liquidation chart does not precisely show the number of contracts awaiting liquidation or the exact value of contracts being 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 target price reaching a certain level will be affected. Higher "liquidation bars" indicate that the price reaching that level will experience a more intense reaction due to a liquidity cascade.