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If Bitcoin breaks through $107,000, the cumulative short order liquidation intensity of mainstream CEX will reach 500 million.
On June 20, according to Coinglass data, if Bitcoin breaks through $107,000, the cumulative short order liquidation intensity on mainstream CEX will reach $500 million. Conversely, if Bitcoin falls below $105,000, the cumulative long order liquidation intensity on mainstream CEX will reach $831 million. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher “liquidation bar” indicates that once the price reaches it, there will be a stronger reaction due to liquidity waves.