BlockBeats News, November 4th, according to Coinglass data, if Bitcoin rebounds above $108,000, the cumulative short liquidation intensity on mainstream CEXs will reach $576 million.
Conversely, if Bitcoin falls below $104,000, the cumulative long liquidation intensity on mainstream CEXs will reach $505 million.
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 adjacent 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 level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade.
