BlockBeats News, October 5th, according to Coinglass data, if Bitcoin breaks above the $124,461 all-time high, the total short liquidation strength on mainstream CEX will reach 81.15 million.
Conversely, if Bitcoin falls below $123,000, the total long liquidation strength on mainstream CEX will reach 474 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows how much the price of the underlying asset will be impacted when it reaches a certain level. A higher “liquidation bar” indicates that the price will have a stronger reaction due to a liquidity cascade when it reaches that level.
