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If Bitcoin rebounds above $112,000, the mainstream CEX cumulative short liquidation pressure will reach $440 million
BlockBeats News, November 2nd, according to Coinglass data, if Bitcoin rebounds above $112,000, the total short liquidation intensity on major CEXs will reach $440 million.
Conversely, if Bitcoin falls below $109,000, the total long liquidation intensity on major CEXs will reach $533 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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