If Bitcoin rebounds above $106,000, the mainstream CEX cumulative short liquidation intensity will reach $563 million

BlockBeats News, November 9th, according to Coinglass data, if Bitcoin rebounds above $106,000, the cumulative short liquidation intensity on mainstream CEXs will reach $563 million.

On the other hand, if Bitcoin falls below $100,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.4 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of 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.