If Bitcoin falls below $108,000, the cumulative long liquidation pressure on major CEXs will reach $1.143 billion.

BlockBeats News, June 11, according to Coinglass data, if Bitcoin falls below $108,000, the cumulative long liquidation intensity across major CEXs will reach $1.143 billion.

Conversely, if Bitcoin breaks through $111,000, the cumulative short liquidation intensity across major CEXs will reach $924 million.

BlockBeats Note: Liquidation charts do not showcase the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to neighboring clusters—in other words, the intensity.

Therefore, liquidation charts reflect the extent to which the underlying asset's price reaching a certain level will impact the market. Taller "liquidation bars" indicate a stronger reaction due to liquidity waves once the price hits those levels.