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If Bitcoin breaks $118,000, the mainstream CEX cumulative short liquidation pressure will reach $945 million.
BlockBeats News, October 27th, according to Coinglass data, if Bitcoin breaks through $11.8, mainstream CEX cumulative short liquidation intensity will reach $945 million.
Conversely, if Bitcoin falls below $11.3, mainstream CEX cumulative long liquidation intensity will reach $964 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 adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that level.
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In the past 1 hour, there has been a total of $153 million in liquidations across the entire network, with long positions being the primary contributors to the liquidation cascade.
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