If Bitcoin rebounds above $106,000, the mainstream CEX cumulative short liquidation intensity will reach $563 million

On November 9th, according to Coinglass data, in case Bitcoin rebounds and goes above $106,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $563 million. On the other hand, if Bitcoin drops below $100,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.4 billion. BlockBeats Note: The liquidation chart does not display 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 clusters, that is, the intensity. Consequently, the liquidation chart shows how much the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will trigger a more intense reaction due to a liquidity cascade.