If Bitcoin falls below $108,000, the mainstream CEX long liquidation volume will reach $915 million.

On October 16th, based on Coinglass data, if Bitcoin drops beneath $108,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $915 million. On the contrary, if Bitcoin surges above $113,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.719 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Consequently, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity cascade once it reaches that level.