If Bitcoin falls below $107,000, the mainstream CEX long liquidation pressure will reach 854 million.

On October 22nd, Bitcoin witnessed a "roller-coaster" market last night, plummeting to approximately $108,000 and having been in a sideways adjustment for more than 10 hours. According to Coinglass data, in the event that Bitcoin drops below $107,000, the cumulative long liquidation strength of mainstream CEXs will reach $854 million. Conversely, if Bitcoin surpasses $109,000, the cumulative short liquidation strength of mainstream CEXs will reach $144 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of 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, the strength. Therefore, the liquidation chart illustrates to what extent the target price will be influenced when it reaches a certain level. Higher "liquidation bars" indicate that the price will experience a more intense reaction due to a surge in liquidity.