If Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEXs will reach $692 million.

October 23, according to Coinglass data, if Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEXs will reach $692 million.

Conversely, if Bitcoin breaks above $83,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.025 billion.

note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that a stronger reaction will occur due to a liquidity wave when the price reaches that level.