If Bitcoin surpasses $108,000, the mainstream CEX cumulative short liquidation intensity will reach $4.09 billion

BlockBeats News, October 19th, according to Coinglass data, if Bitcoin rebounds above $108,000, the total liquidation force of mainstream CEX short positions will reach $4.09 billion.

Conversely, if Bitcoin falls below $105,000, the total liquidation force of mainstream CEX long positions will reach $7.52 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the force.

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