BlockBeats News, November 12th, according to Coinglass data, if Bitcoin rebounds above $105,000, the cumulative short liquidation intensity on mainstream CEXs will reach $939 million.
On the other hand, if Bitcoin falls below $101,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.198 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.
