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If Bitcoin surpasses $114,000, the mainstream CEX cumulative short liquidation intensity will reach $956 million.
BlockBeats News, October 26th, according to Coinglass data, if Bitcoin breaks above $114,000, the cumulative short liquidation intensity on mainstream CEXs will reach $956 million.
Conversely, if Bitcoin falls below $110,000, the cumulative long liquidation intensity on mainstream CEXs will reach $657 million.
BlockBeats Note: The liquidation chart does not precisely display the exact number of contracts to be liquidated or the precise value of contracts liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that level.
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