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If Bitcoin rises above $112,000, the mainstream CEX total short liquidation volume will reach $775 million.
BlockBeats News, October 30th, according to Coinglass data, if Bitcoin rebounds above $112,000, the cumulative short liquidation intensity on mainstream CEXs will reach $775 million.
On the other hand, if Bitcoin falls below $108,000, the cumulative long liquidation intensity on mainstream CEXs will reach $913 million.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation 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 will experience a more intense reaction due to a liquidity cascade when it reaches that point.
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