BlockBeats News, October 11th, according to Coinglass data, if Bitcoin falls below $117,000, the cumulative long liquidation intensity on mainstream CEXs will reach $591 million.
Conversely, if Bitcoin surpasses $120,000, the cumulative short liquidation intensity on mainstream CEXs will only be $599 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 indicate 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 point. A higher “liquidation bar” indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
