If Bitcoin falls below $107,000, the cumulative long position liquidation intensity on major centralized exchanges (CEX) will reach $880 million.
Powered by ChatGPTBlockBeats reports that on June 12, according to Coinglass data, if Bitcoin falls below 107 thousand USD, the cumulative long position liquidation intensity on major centralized exchanges (CEX) will reach 880 million USD.
Conversely, if Bitcoin breaks above 109 thousand USD, the cumulative short position liquidation intensity on major CEXs will reach 326 million USD.
BlockBeats notes: The liquidation chart does not show the exact number of contracts pending liquidation or the precise value of contracts liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to adjacent clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent of impact when the underlying asset's price reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to liquidity waves.