If Bitcoin falls below $104,000, the mainstream CEX long liquidation volume will reach $1.137 billion

BlockBeats News, July 2nd, according to Coinglass data, if Bitcoin falls below $104,000, the total long liquidation strength of mainstream CEXs will reach $1.137 billion.

On the other hand, if Bitcoin surpasses $107,000, the total short liquidation strength of mainstream CEXs will reach $442 million.

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

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that point.