If Bitcoin breaks through $118,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.12 billion

ChainCatcher message, according to Coinglass data, if Bitcoin breaks through $118,000, the cumulative short liquidation intensity on major CEXs will reach $1.12 billion. Conversely, if Bitcoin falls below $113,000, the cumulative long liquidation intensity on major CEXs will reach $1.1112 billion.

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 importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent 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.