If Bitcoin drops below $120,000, the mainstream CEX long liquidation pressure will reach $957 million

On October 9th, according to Coinglass data, if Bitcoin drops below $120,000, the cumulative liquidation intensity of mainstream CEXs will reach $957 million. Conversely, if Bitcoin rises above $123,000, the cumulative short liquidation intensity of mainstream CEXs will be $989 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The columns 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 target price will be influenced when it reaches a certain level. A higher "liquidation column" indicates that the price will have a more notable reaction due to a liquidity avalanche when it reaches that point.