If Bitcoin drops below $107,000, the mainstream CEX long liquidation pressure will reach $729 million.

On October 17th, according to Coinglass data, if Bitcoin drops below $107,000, the cumulative long liquidation intensity of mainstream CEX will reach 729 million. Conversely, if Bitcoin surges above $110,000, the cumulative short liquidation intensity of mainstream CEX will reach 850 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart indicates to what extent the asset price will be influenced when it reaches a certain level. A higher "liquidation bar" suggests that when the price reaches that level, it will experience a more intense reaction due to a surge in liquidity.