On June 12, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity on major CEXs will reach $880 million. Conversely, if Bitcoin breaks above $109,000, the cumulative short order liquidation intensity on major CEXs will reach $326 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, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to waves of liquidity.
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If Bitcoin falls below $107,000, the cumulative long order liquidation intensity of mainstream CEX will reach $880 million.
On June 12, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity on major CEXs will reach $880 million. Conversely, if Bitcoin breaks above $109,000, the cumulative short order liquidation intensity on major CEXs will reach $326 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, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to waves of liquidity.