If Bitcoin surpasses $121,000, the mainstream CEX cumulative short liquidation intensity will reach $1.023 billion

BlockBeats News, October 3rd, according to Coinglass data, if Bitcoin breaks through $121,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.023 billion.

Conversely, if Bitcoin falls below $119,000, the cumulative long liquidation intensity of mainstream CEXs will only be $61.1 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent ones, i.e., intensity.

Therefore, the liquidation chart shows to what extent the asset price reaching a certain point will be affected. Higher "liquidation bars" indicate that the price will have a more pronounced reaction due to a liquidity cascade when it reaches that level.