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If Bitcoin falls below $120,000, the cumulative long order liquidation intensity of mainstream CEX will reach $957 million.
On October 9, according to Coinglass data, if Bitcoin falls below $120,000, the cumulative long order liquidation intensity of major CEXs will reach $957 million. Conversely, if Bitcoin breaks through $123,000, the cumulative short order liquidation intensity of major CEXs will be $989 million. BlockBeats notes: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of liquidated contracts. The columns on the liquidation chart actually reflect the significance of each liquidation cluster relative to nearby liquidation clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation column" indicates that once the price reaches that point, there will be a stronger reaction due to the wave of liquidity.