If Bitcoin falls below $110,000, the cumulative long liquidation intensity on major CEXs will reach $977 million.

BlockBeats News, September 5, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity on major CEXs will reach $977 millions.

Conversely, if Bitcoin breaks through $113,000, the cumulative short liquidation intensity on major CEXs will reach $975 millions.

BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation, nor the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.

Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. Higher "liquidation bars" indicate that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.