If Bitcoin rebounds above $104,000, the mainstream CEX cumulative short liquidation volume will reach $864 million.

BlockBeats News, November 9th, according to Coinglass data, if Bitcoin rebounds above $104,000, the cumulative short liquidation intensity of mainstream CEXs will reach $8.64 billion.

On the other hand, if Bitcoin falls below $100,000, the cumulative long liquidation intensity of mainstream CEXs will reach $8.92 billion.

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 represent the importance of each liquidation cluster relative to neighboring clusters, that is, 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, once reached, will react more strongly due to a liquidity cascade.