If Bitcoin surpasses $108,000, the mainstream CEX cumulative short liquidation pressure will reach 359 million.

BlockBeats News, June 9th, according to Coinglass data, if Bitcoin breaks through $108,000, the cumulative short liquidation strength of mainstream CEXs will reach 359 million.

Conversely, if Bitcoin falls below $104,000, the cumulative long liquidation strength of mainstream CEXs will reach 310 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.

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 will experience a more intense reaction due to a liquidity cascade after reaching that level.