If Bitcoin drops below $106,000, the mainstream CEX long liquidation pressure will reach $1.07 billion

BlockBeats News, July 1st, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.07 billion.

On the other hand, if Bitcoin surpasses $109,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.157 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. Higher "liquidation bars" indicate that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.