According to ChainCatcher and Coinglass data, if Bitcoin breaks through $117,000, the cumulative short position liquidation intensity on mainstream CEXs will reach 594 million. Conversely, if Bitcoin falls below $114,000, the cumulative long position liquidation intensity on mainstream CEXs will reach 1.002 billion.
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, or strength, of each liquidation cluster relative to its neighbors. Therefore, the Liquidation Chart shows the extent to which the underlying price will be affected when it reaches a certain level. A taller "Liquidation Bar" indicates a stronger reaction to the liquidity surge expected at that point.
