If Bitcoin falls below $71,000, the cumulative long liquidation intensity on mainstream CEXs will reach $602 million.

November 10th, according to Coinglass data, if Bitcoin falls below $71,000, the cumulative long liquidation intensity of mainstream CEXs will reach $602 million.

Conversely, if Bitcoin breaks through $75,000, the cumulative short liquidation intensity of mainstream CEXs will reach $480 million.

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