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📅 July 3, 7:00 – July 9,
If Bitcoin falls below $107,000, the cumulative long order liquidation intensity of mainstream CEX will reach $444 million.
BlockBeats news, on July 5th, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity of mainstream CEX will reach $444 million. Conversely, if Bitcoin breaks through $109,000, the cumulative short order liquidation intensity of mainstream CEX will reach $592 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 significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the target 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 the liquidity wave.