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If Bitcoin breaks through $124,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.304 billion.
On October 8, according to Coinglass data, if Bitcoin breaks through $124,000, the cumulative short order liquidation intensity of mainstream CEXs will reach $1.304 billion. Conversely, if Bitcoin falls below $121,000, the cumulative long order liquidation intensity of mainstream CEXs will be $525 million. BlockBeats notes: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.