If Bitcoin drops below $106,000, the mainstream CEX long liquidation pressure will reach 958 million.

BlockBeats News, July 4th, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long liquidation intensity on mainstream CEXs will reach $958 million.

On the contrary, if Bitcoin surpasses $110,000, the cumulative short liquidation intensity on mainstream CEXs will reach $685 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 show the relative importance of each liquidation cluster to neighboring clusters, i.e., intensity.

Therefore, the liquidation chart illustrates to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.