BlockBeats news, on June 11, according to Coinglass data, if Bitcoin falls below $108,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.143 billion. Conversely, if Bitcoin breaks above $111,000, the cumulative short order liquidation intensity on mainstream CEX will reach $924 million. 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 illustrate the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that after the price reaches that point, there will be a stronger reaction due to liquidity waves.
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