If Bitcoin rises and breaks through $112,000, the cumulative short order liquidation intensity of mainstream CEX will reach $775 million.

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On October 30, according to Coinglass data, if Bitcoin rises and breaks through 112,000 USD, the cumulative short order liquidation intensity on major CEX platforms will reach 775 million. Conversely, if Bitcoin falls below 118,000 USD, the cumulative long order liquidation intensity on major CEX platforms will reach 913 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 show the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain level 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.

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