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If Bitcoin falls below 104,000 USD, the cumulative long order liquidation intensity of mainstream CEX will reach 1.137 billion.
On July 2, according to Coinglass data, if Bitcoin falls below $104,000, the cumulative long order liquidation intensity on major CEXs will reach $1.137 billion. Conversely, if Bitcoin breaks above $107,000, the cumulative short order liquidation intensity on major CEXs will reach $442 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent 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 it, there will be a stronger reaction due to liquidity waves.