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If Bitcoin falls below 102,000 US dollars, the cumulative long order liquidation intensity of mainstream CEX will reach 848 million.
On November 11, according to Coinglass data, if Bitcoin falls below $102,000, the cumulative long order liquidation intensity on mainstream CEX will reach $848 million. Conversely, if Bitcoin breaks above $106,000, the cumulative short order liquidation intensity on mainstream CEX will reach $695 million. BlockBeats notes: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows how much the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that after the price reaches that level, there will be a stronger reaction due to liquidity waves.