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If Bitcoin falls below $117,000, the cumulative long order liquidation intensity of mainstream CEX will reach $591 million.
On October 11, according to Coinglass data, if Bitcoin falls below $117,000, the cumulative long order liquidation intensity of major CEXs will reach $591 million. Conversely, if Bitcoin breaks above $120,000, the cumulative short order liquidation intensity of major CEXs will only be $599 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. Higher "liquidation bars" indicate that once the price is reached, there will be a stronger reaction due to liquidity waves.