If Bitcoin Falls Below $76K, Cumulative Long Liquidation Intensity on Major CEXs Reaches $797M

On August 29, according to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach $797 million. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs will reach $708 million.

Note from BlockBeats: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart represent the importance, or intensity, of each liquidation cluster relative to neighboring clusters. Therefore, the chart illustrates the degree to which the underlying asset's price may be affected when reaching a certain level. A higher "liquidation bar" indicates a stronger reaction expected due to a wave of liquidity once the price reaches that point.

[BlockBeats]