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If Bitcoin falls below $106,000, the cumulative long order liquidation intensity of mainstream CEX will reach $1.07 billion.
BlockBeats news, on July 1, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.07 billion. Conversely, if Bitcoin breaks above $109,000, the cumulative short order liquidation intensity on mainstream CEX will reach $1.157 billion. BlockBeats notes: the liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, intensity. Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.