If Bitcoin drops below $111,000, the mainstream CEX liquidation volume will reach $1.019 billion

BlockBeats News, September 23rd, according to Coinglass data, if Bitcoin falls below $111,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.666 billion.

Conversely, if Bitcoin surpasses $114,000, the cumulative short liquidation intensity of mainstream CEXs will be $908 million.

BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.