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If Bitcoin breaks above $117,000, the mainstream CEX total short liquidation volume will reach $798 million.
BlockBeats News, October 27th, according to Coinglass data, if Bitcoin breaks through $11.7K, the cumulative short liquidation strength of mainstream CEXs will reach $798 million.
Conversely, if Bitcoin drops below $11.3K, the cumulative long liquidation strength of mainstream CEXs will reach $470 million.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity surge.
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