If Bitcoin surpasses $121,000, the mainstream CEX cumulative short liquidation intensity will reach $1.023 billion

On October 3rd, based on Coinglass data, if Bitcoin manages to break through $121,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $1.023 billion. Conversely, if Bitcoin drops below $119,000, the cumulative long liquidation intensity on mainstream CEXs will only be $61.1 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent ones, that is, intensity. Therefore, the liquidation chart indicates the extent to which the asset price reaching a certain point will be impacted. Higher "liquidation bars" suggest that the price will have a more pronounced reaction due to a liquidity avalanche when it reaches that level.