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If Bitcoin falls below $107,000, the cumulative long order liquidation intensity on mainstream CEX will reach $854 million.
On October 22, Bitcoin fell back to around $108,000 after experiencing a “roller coaster” market last night, and has been in a sideways adjustment for more than 10 hours. According to Coinglass data, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity on mainstream CEX will reach $854 million. Conversely, if Bitcoin breaks through $109,000, the cumulative short order liquidation intensity on mainstream CEX will reach $144 million. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the target 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.