If Bitcoin falls below $107,000, the cumulative long liquidation pressure on major CEXs will reach $880 million.

Blockbeats

06-12

BlockBeats News, on June 12, according to Coinglass data, if Bitcoin drops below 107,000 USD, the cumulative liquidation intensity of long positions on major CEX platforms will reach 880 million USD.

Conversely, if Bitcoin breaks above 109,000 USD, the cumulative liquidation intensity of short positions on major CEX platforms will reach 326 million USD.

BlockBeats Note: A liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster compared to neighboring clusters, i.e., the intensity.

Therefore, the liquidation chart illustrates the potential impact when the underlying asset's price reaches certain levels. Higher "liquidation bars" indicate stronger reactions due to liquidity waves when the price reaches those levels.

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