BlockBeats News, October 19th, according to Coinglass data, if Bitcoin rebounds above $108,000, the cumulative short liquidation intensity of mainstream CEX will reach $409 million.
Conversely, if Bitcoin falls below $105,000, the cumulative short liquidation intensity of mainstream CEX will reach $752 million.
BlockBeats Note: The liquidation chart does not precisely show the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart illustrates to what extent the price of the underlying asset will be impacted when it reaches a certain position. Higher “liquidation bars” indicate that the price, when reached, will experience a more intense reaction due to a liquidity cascade.
