BlockBeats News, October 11th, according to Coinglass data, if Bitcoin rebounds above $11.8, mainstream CEX total short liquidation intensity will reach $2.078 billion.
BlockBeats Note: The liquidation chart does not display 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 will experience a more intense reaction due to the liquidity shockwave.
