If Bitcoin rebounds above $104,000, the combined short liquidation pressure on major CEXs will reach $1.353 billion.

BlockBeats News, November 13th, according to Coinglass data, if Bitcoin bounces back above $104,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.353 billion.

Conversely, if Bitcoin falls below $100,000, the cumulative long liquidation intensity of mainstream CEXs will reach $982 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring 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 will experience a stronger reaction due to a liquidity cascade when it reaches that level.