If Bitcoin surpasses $124,000, the mainstream CEX cumulative short liquidation intensity will reach 898 million.

BlockBeats News, October 4th, according to Coinglass data, if Bitcoin breaks through $124,000, the cumulative short liquidation intensity of mainstream CEX will reach $898 million.

Conversely, if Bitcoin falls below $121,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.106 billion.

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 neighboring liquidation clusters, that is, intensity.

Therefore, the liquidation chart shows to what extent the target price will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade once it reaches that level.