If Bitcoin falls below $111,000, the cumulative long order liquidation intensity of mainstream CEX will reach $1.3 billion.

On October 15, according to Coinglass data, if Bitcoin falls below $111,000, the cumulative long order liquidation intensity on mainstream CEXs will reach $1.305 billion. Conversely, if Bitcoin breaks above $114,000, the cumulative short order liquidation intensity on mainstream CEXs will also reach $1.365 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price reaches it, there will be a stronger reaction due to liquidity waves.

BTC-1.23%
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