If Bitcoin rises above $112,000, the mainstream CEX total short liquidation volume will reach $775 million.

On October 30th, based on Coinglass data, if Bitcoin rebounds and goes above $112,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $775 million. Conversely, if Bitcoin drops below $108,000, the cumulative long liquidation intensity on mainstream CEXs will reach $913 million. BlockBeats Note: 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. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity avalanche when it reaches that particular point.