According to news from CoinWorld, on August 1 (UTC+8), data from Coinglass shows that if Bitcoin falls below $114,000, the cumulative long order liquidation intensity on mainstream CEX will reach $609 million. Conversely, if Bitcoin breaks above $116,000, the cumulative short order liquidation intensity on mainstream CEX will only be $73.97 million. 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 show the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates to what extent the target price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a liquidity wave. (Source: BlockBeats)

BTC1.74%
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