If Bitcoin rebounds above $104,000, the mainstream CEX cumulative short liquidation pressure will reach $3.71 billion

BlockBeats News, November 8th, according to Coinglass data, if Bitcoin rises above $104,000, the collective short liquidation intensity of mainstream CEXs will reach 371 million.

Conversely, if Bitcoin falls below $101,000, the collective long liquidation intensity of mainstream CEXs will reach 552 million.

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

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity surge.