BlockBeats News, October 17th, according to Coinglass data, if Bitcoin falls below $105,000, the cumulative long liquidation intensity on major CEXs will reach $1.121 billion.
Conversely, if Bitcoin surpasses $110,000, the cumulative short liquidation intensity on major CEXs will reach $1.261 billion.
BlockBeats Note: The liquidation chart does not accurately display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart illustrates to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that once the price reaches that level, a stronger reaction will occur due to a liquidity cascade.
