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If Bitcoin drops below $110,000, the mainstream CEX's total long liquidation volume will reach $1.218 billion.
BlockBeats News, October 29th, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity on major CEXs will reach $1.218 billion.
Conversely, if Bitcoin breaks above $114,000, the cumulative short liquidation intensity on major CEXs will reach $725 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. 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 when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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