BlockBeats News, October 6th, according to Coinglass data, if Bitcoin breaks through $125,000, the cumulative short liquidation intensity on major CEXs will reach $803 million.
On the other hand, if Bitcoin falls below $123,000, the cumulative long liquidation intensity on major CEXs will only be $88.3799 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 show the relative importance of each liquidation cluster to the adjacent liquidation cluster, known as intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain point. A higher “liquidation bar” indicates that once the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.
