BlockBeats News, November 11th, according to Coinglass data, if Bitcoin falls below $102,000, the cumulative long liquidation intensity of mainstream CEXs will reach $848 million.
Conversely, if Bitcoin surpasses $106,000, the cumulative short liquidation intensity of mainstream CEXs will reach $695 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 represent the importance of each liquidation cluster relative to adjacent 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 level. A higher “liquidation bar” indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
