If Bitcoin falls below $113,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.348 billion.

BlockBeats news, on September 16, according to Coinglass data, if Bitcoin falls below $113,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.348 billion. Conversely, if Bitcoin breaks above $117,000, the cumulative short order liquidation intensity on mainstream CEX will reach $891 million. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart indicates the extent to which the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that when the price reaches that point, there will be a stronger reaction due to the liquidity wave.