If Bitcoin surpasses $124,000, the mainstream CEX cumulative short liquidation intensity will reach $1.304 billion

BlockBeats News, October 8th, according to Coinglass data, if Bitcoin breaks through $124,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.304 billion.

Conversely, if Bitcoin falls below $121,000, the cumulative long liquidation intensity of mainstream CEXs will be $525 million.

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

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