BlockBeats News, November 10th, according to Coinglass data, if Bitcoin rebounds above $108,000, the cumulative short liquidation intensity of mainstream CEX will reach 563 million.
Conversely, if Bitcoin falls below $104,000, the cumulative long liquidation intensity of mainstream CEX will reach 1.296 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring 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. A higher “liquidation bar” indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.
