Data: If Bitcoin Falls Below $61,000, Mainstream CEX Accumulated Multi-Order Liquidation Intensity Would Reach $653 Million

On October 13th, according to Coinglass data, if Bitcoin falls below $61,000, the cumulative long liquidation strength of mainstream CEX will reach 653 million;

Conversely, if Bitcoin breaks above $64,000, the cumulative short liquidation strength of mainstream CEX would be $848 million.

It is noted that the liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts being liquidated. What the bars on the liquidation chart show is actually the importance, or strength, of each liquidation cluster relative to neighboring liquidation clusters.

Thus, the chart shows how much the underlying price will be affected if it reaches a certain position. Higher “clearing bars” indicate that the price will react more strongly to the liquidity wave when it arrives.