On November 12th, according to Coinglass data, in the event that Bitcoin rebounds and exceeds $105,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $939 million. Conversely, if Bitcoin drops below $101,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.198 billion. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which the underlying price will be influenced when it reaches a particular level. A higher “liquidation bar” indicates that the price reaching that level will trigger a more pronounced reaction due to a liquidity cascade.
