If Bitcoin drops below $107,000, the mainstream CEX long liquidation pressure will reach $729 million.

BlockBeats News, October 17th, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long liquidation intensity of mainstream CEX will reach 729 million.

Conversely, if Bitcoin breaks above $110,000, the cumulative short liquidation intensity of mainstream CEX will reach 850 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 importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.

Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will experience a more intense reaction due to a liquidity surge.