BlockBeats News, October 13th, according to Coinglass data, if Bitcoin rebounds above $11.8, mainstream CEX cumulative short liquidation intensity will reach $1.303 billion.
Conversely, if Bitcoin falls below $11.2, mainstream CEX cumulative short liquidation intensity will reach $1.651 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 importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price will have a stronger reaction due to a liquidity cascade when it reaches that level.
