If Bitcoin drops below $120,000, the mainstream CEX long liquidation pressure will reach $957 million

BlockBeats News, October 9th, according to Coinglass data, if Bitcoin falls below $120,000, the cumulative long liquidation intensity of mainstream CEXs will reach $957 million.

Conversely, if Bitcoin surpasses $123,000, the cumulative short liquidation intensity of mainstream CEXs will be $989 million.

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

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation column" indicates that the price will have a more pronounced reaction due to a liquidity cascade when it reaches that point.