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If Bitcoin breaks through $113,000, the total short order liquidation intensity of mainstream CEX will reach 857 million.
On October 12, according to Coinglass data, if Bitcoin rises and breaks through $113,000, the cumulative short order liquidation intensity on major CEXs will reach $857 million. Conversely, if Bitcoin falls below $110,000, the cumulative short order liquidation intensity on major CEXs will only be $171 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually demonstrate the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that once the price reaches that point, it will trigger a more intense reaction due to liquidity waves.