If Bitcoin drops below $104,000, the cumulative long liquidation pressure on major CEXs will reach 885 million.

BlockBeats News, June 8th, according to Coinglass data, if Bitcoin falls below $104,000, the cumulative long liquidation intensity of mainstream CEXs will reach 885 million.

On the other hand, if Bitcoin surpasses $106,000, the cumulative short liquidation intensity of mainstream CEXs will reach 11.6241 million.

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

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, when reached, will experience a more intense reaction due to a liquidity surge.