If Bitcoin falls below $123,000, the mainstream CEX's aggregated long liquidation volume will reach $938 million.

On October 5th, based on Coinglass data, if Bitcoin drops below $123,000, the cumulative long liquidation intensity on mainstream CEXs will amount to $938 million. In the event that Bitcoin retreats to $121,115, the cumulative long liquidation intensity on mainstream CEXs will reach $2.127 billion. On the other hand, if Bitcoin rises to reach $126,790, the cumulative short liquidation intensity on mainstream CEXs will only be $668 million. BlockBeats' Note: The liquidation chart does not display 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 relative significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Consequently, the liquidation chart shows to what degree the underlying price will be influenced when it attains a certain level. Higher "liquidation bars" suggest that when the price reaches that level, a more intense reaction will occur due to a liquidity avalanche.