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If Bitcoin falls below $107,000, the mainstream CEX long liquidation pressure will reach 854 million.
BlockBeats News, October 22nd, Bitcoin experienced a "roller-coaster" market last night, falling to around $108,000 and has been in a sideways adjustment for over 10 hours.
According to Coinglass data, if Bitcoin falls below $107,000, the cumulative long liquidation strength of mainstream CEXs will reach $854 million.
On the contrary, if Bitcoin surpasses $109,000, the cumulative short liquidation strength of mainstream CEXs will reach $144 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will have a more intense reaction due to a liquidity surge.
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