If Bitcoin falls below $118,000, the cumulative long liquidation intensity on major CEXs will reach $1.55 billions.

BlockBeats News, October 3, according to Coinglass data, if Bitcoin falls below $118,000, the cumulative long liquidation intensity on major CEXs will reach $1.555 billion.

Conversely, if Bitcoin breaks through $122,000, the cumulative short liquidation intensity on major CEXs will reach $1.083 billion.

BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.

Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to the wave of liquidity.