BlockBeats News, October 17th, according to Coinglass data, if Bitcoin rebounds above $110,000, the cumulative short liquidation intensity of mainstream CEXs will reach $900 million.
Conversely, if Bitcoin falls below $107,000, the cumulative short liquidation intensity of mainstream CEXs will reach $693 million.
BlockBeats Note: The liquidation chart does not accurately display the number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be impacted when it reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
