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If Bitcoin surpasses $111,000, mainstream CEX cumulative short liquidation pressure will reach $1.258 billion
BlockBeats News, July 3rd, according to Coinglass data, if Bitcoin breaks above $111,000, the mainstream CEX cumulative short liquidation intensity will reach 1.258 billion.
Conversely, if Bitcoin falls to $106,692, the mainstream CEX cumulative long liquidation intensity will reach 2.716 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation 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., intensity.
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 the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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