On September 5, according to data from Coinglass, if Bitcoin drops below $57,000, the total long liquidation across major centralized exchanges (CEXs) could reach $845 million. Conversely, if Bitcoin surpasses $59,000, the cumulative short liquidation on major CEXs could amount to $570 million.
Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. Instead, the bars on the chart represent the relative significance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart illustrates how much impact the price reaching a certain level may have. Higher “liquidation bars” indicate a stronger reaction due to a wave of liquidity when the price hits that level.
