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If Bitcoin rebounds and breaks through 108,000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 576 million.
On November 4, according to Coinglass data, if Bitcoin rises and breaks through $108,000, the cumulative short order liquidation intensity of mainstream CEX will reach $576 million. Conversely, if Bitcoin falls below $104,000, the cumulative long order liquidation intensity of mainstream CEX will reach $505 million. BlockBeats note: The liquidation chart does not show 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 importance of each liquidation cluster relative to nearby liquidation clusters, i.e. intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that, once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.