If Bitcoin falls below $102,000, the mainstream CEX long liquidation volume will reach $848 million

On November 11th, based on Coinglass data, if Bitcoin drops below $102,000, the cumulative liquidation intensity of mainstream CEXs will reach $848 million. In contrast, if Bitcoin surpasses $106,000, the cumulative liquidation intensity of mainstream CEXs will reach $695 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars 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 the extent to which the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.