If Bitcoin falls below $106,000, the cumulative long order liquidation intensity of mainstream CEX will reach $958 million.

BlockBeats news, on July 4th, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long order liquidation intensity on mainstream CEX will reach $958 million. Conversely, if Bitcoin breaks above $110,000, the cumulative short order liquidation intensity on mainstream CEX will reach $685 million. BlockBeats notes: 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 the extent to which the target price will be affected upon reaching a certain position. A higher "liquidation bar" indicates that after the price reaches that point, there will be a stronger reaction due to a liquidity wave.