If Bitcoin surpasses $112,000, the mainstream CEX cumulative short liquidation pressure will reach $1.153 billion.

On October 21st, according to Coinglass data, in the event that Bitcoin surges past $112,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $1.153 billion. On the other hand, if Bitcoin drops below $107,000, the cumulative long liquidation intensity on mainstream CEXs will reach $886 million. BlockBeats Notes: The liquidation chart does not disclose the precise 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 adjacent liquidation clusters, that is, intensity. Consequently, the liquidation chart illustrates how much the price of the underlying asset will be influenced when it attains a specific point. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity cascade once it reaches that level.