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If Bitcoin breaks through $102,000, the cumulative short order liquidation intensity of mainstream CEX will reach $910 million.
On June 23, according to Coinglass data, if Bitcoin breaks through $102,000, the cumulative short order liquidation intensity of mainstream CEX will reach $910 million. Conversely, if Bitcoin falls below $100,000, the cumulative long order liquidation intensity of mainstream CEX will only be $133 million. BlockBeats notes: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually display the significance 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 reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.