If Bitcoin breaks through $117,000, the cumulative short liquidation intensity on mainstream CEX will reach $798 million

ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $117,000, the cumulative short liquidation intensity on major CEXs will reach $798 million. Conversely, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on major CEXs will reach $470 million.

Liquidation chart note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of 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 the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.