If Bitcoin falls below $107,000, the mainstream CEX long liquidation volume will reach 259 million.

BlockBeats News, November 3rd, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long liquidation intensity of mainstream CEX will reach 259 million.

On the contrary, if Bitcoin surpasses $109,000, the cumulative short liquidation intensity of mainstream CEX will reach 128 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show 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 have a stronger reaction due to a liquidity cascade when it reaches that point.