If Bitcoin surpasses $118,000, the mainstream CEX cumulative short liquidation pressure will reach $823 million

BlockBeats News, July 11th, according to Coinglass data, if Bitcoin breaks through $11.8K, the total short liquidation strength of mainstream CEXs will reach $823 million.

On the contrary, if Bitcoin falls below $11.5K, the total long liquidation strength of mainstream CEXs will reach $567 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.