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If Bitcoin surpasses $113,000, the mainstream CEX total short liquidation volume will reach $1.247 billion
BlockBeats News, October 24th, according to Coinglass data, if Bitcoin breaks through $11,300, the cumulative short liquidation intensity of mainstream CEX will reach $1.247 billion.
On the other hand, if Bitcoin falls below $10,800, the cumulative long liquidation intensity of mainstream CEX will reach $1.346 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price, when reached, will have a more intense reaction due to a liquidity cascade.
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