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If Bitcoin surpasses $114,000, the mainstream CEX cumulative short liquidation pressure will reach $1.389 billion.
BlockBeats News, July 10th, according to Coinglass data, if Bitcoin breaks through $114,000, the cumulative short liquidation strength of mainstream CEXs will reach $1.389 billion.
Conversely, if Bitcoin falls below $108,500, the cumulative long liquidation strength of mainstream CEXs will reach $1.994 billion.
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, that is, the strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.
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