On October 26th, based on Coinglass data, if Bitcoin surges above $114,000, the cumulative short liquidation intensity on mainstream CEXs will reach $956 million. Conversely, if Bitcoin drops below $110,000, the cumulative long liquidation intensity on mainstream CEXs will reach $657 million. **BlockBeats Note**: The liquidation chart does not accurately depict the exact number of contracts to be liquidated or the precise value of contracts liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a certain position. A higher “liquidation bar” indicates that the price will experience a more intense reaction due to a liquidity avalanche once it reaches that level.
