BlockBeats News, October 11th, according to Coinglass data, if Bitcoin rebounds above $118,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.504 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price will experience a more intense reaction due to a liquidity cascade after reaching that level.
