If Bitcoin breaks $112,000, the mainstream CEX cumulative short liquidation pressure will reach $510 million.

BlockBeats News, October 20th, according to Coinglass data, if Bitcoin rebounds above $112,000, the cumulative short liquidation strength of mainstream CEX will reach $510 million.

Conversely, if Bitcoin falls below $108,000, the cumulative long liquidation strength of mainstream CEX will reach $527 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, i.e., strength.

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