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If Bitcoin falls below $109,000, the mainstream CEX long liquidation volume will reach $1.263 billion
BlockBeats News, October 24th, according to Coinglass data, if Bitcoin falls below $109,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.263 billion.
Conversely, if Bitcoin surpasses $113,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.373 billion.
BlockBeats Note: The liquidation chart does not precisely display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade.
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