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If Bitcoin surpasses $110,000, the mainstream CEX cumulative short liquidation pressure will reach 288 million.
BlockBeats News, July 8th, according to Coinglass data, if Bitcoin breaks $110,000, the cumulative short liquidation intensity of mainstream CEXs will reach 288 million.
Conversely, if Bitcoin falls below $107,000, the cumulative long liquidation intensity of mainstream CEXs will reach 209 million.
BlockBeats Note: The liquidation chart does not show 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 neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be impacted. Higher "liquidation bars" indicate that the price reaching that level will generate a more intense response due to a liquidity cascade.
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