If Bitcoin falls below $107,000, the cumulative long liquidation intensity on mainstream CEX will reach $854 million

ChainCatcher message, Bitcoin fell back to around $108,000 after experiencing a "roller coaster" market last night, and has been consolidating for over 10 hours.

According to Coinglass data, if Bitcoin drops below $107,000, the cumulative long liquidation intensity on major CEXs will reach $854 million. Conversely, if Bitcoin breaks above $109,000, the cumulative short liquidation intensity on major CEXs will reach $144 million. 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 significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.