If Bitcoin falls below $107,000, the mainstream CEX long liquidation volume will reach $531 million.

On October 21st, based on Coinglass data, if Bitcoin drops below $107,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $531 million. On the other hand, if Bitcoin surges above $109,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $390 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense response due to a liquidity avalanche once it reaches that point.