If Bitcoin surpasses $124,000, the mainstream CEX aggregate short liquidation pressure will reach 892 million.

BlockBeats News, October 9th, according to Coinglass data, if Bitcoin breaks through $124,000, the cumulative short liquidation intensity of mainstream CEX will reach $892 million.

Conversely, if Bitcoin falls below $121,000, the cumulative long liquidation intensity of mainstream CEX will be $829 million.

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

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity cascade once it reaches that point.