If Bitcoin falls below $109,000, the cumulative long liquidation pressure on major CEXs will reach $690 million.

BlockBeats News, October 14th, according to Coinglass data, if Bitcoin falls below $109,000, the cumulative long liquidation intensity on mainstream CEXs will reach $690 million.

Conversely, if Bitcoin surpasses $112,000, the cumulative short liquidation intensity on mainstream CEXs will only be $433 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of the 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 the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.