BlockBeats News, October 5th, according to Coinglass data, if Bitcoin falls below $123,000, the cumulative long liquidation intensity on mainstream CEXs will reach $938 million. If Bitcoin falls back to $121,115, the cumulative long liquidation intensity on mainstream CEXs will reach $2.127 billion.
On the other hand, if Bitcoin rises to touch $126,790, the cumulative short liquidation intensity on mainstream CEXs will only be $668 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. Higher “liquidation bars” indicate that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
