If Bitcoin falls below $120,000, the cumulative long order liquidation intensity of mainstream CEX will reach 1.569 billion.

On August 14, Bitcoin continued to fall in the afternoon, currently priced at $121,625, down 1.44% in the last 4 hours. According to Coinglass data, if Bitcoin falls below $120,000, the cumulative long order liquidation intensity on mainstream CEXs will reach 1.569 billion. Conversely, if Bitcoin rises above $12.3, the cumulative short order liquidation intensity on mainstream CEXs will reach 977 million. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher "liquidation bar" indicates that after the price reaches this level, there will be a stronger reaction due to the liquidity wave.

BTC-1.53%
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