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If Bitcoin rebounds above $112,000, the mainstream CEX cumulative short liquidation pressure will reach $819 million
BlockBeats News, October 31st, according to Coinglass data, if Bitcoin bounces back above $112,000, the cumulative short liquidation intensity on mainstream CEXs will reach $819 million.
Conversely, if Bitcoin falls below $109,000, the cumulative long liquidation intensity on mainstream CEXs will reach $685 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent clusters, that is, 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 once it reaches that level.
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