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If Bitcoin surpasses $112,000, the mainstream CEX cumulative short liquidation pressure will reach $1.153 billion.
BlockBeats News, October 21st, according to Coinglass data, if Bitcoin breaks through $112,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.153 billion.
On the other hand, if Bitcoin falls below $107,000, the cumulative long liquidation intensity of mainstream CEXs will reach $886 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts 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, intensity.
Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain point. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that level.
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