If Bitcoin surpasses $113,000, the mainstream CEX cumulative short liquidation pressure will reach 857 million.

BlockBeats News, October 12th, according to Coinglass data, if Bitcoin rebounds above $113,000, the cumulative short liquidation intensity on mainstream CEXs will reach $857 million.

Conversely, if Bitcoin falls below $110,000, the cumulative short liquidation intensity on mainstream CEXs will only be $171 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to the nearest liquidation cluster, that is, the intensity.

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