If Bitcoin breaks through $112,000, the cumulative short order liquidation intensity of mainstream CEX will reach $510 million.

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On October 20, according to Coinglass data, if Bitcoin rises above $112,000, the cumulative short order liquidation intensity on major CEXs will reach $510 million. Conversely, if Bitcoin falls below $108,000, the cumulative long order liquidation intensity on major CEXs will reach $527 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price reaches that point, it will produce a stronger reaction due to liquidity waves.

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