If Bitcoin drops below $103,000, the liquidation intensity of long positions on mainstream CEX will reach $702 million.

BlockBeats News, on June 18, according to Coinglass data, if Bitcoin drops below $103,000, the cumulative long liquidation intensity on major CEXs will reach $702 million.

Conversely, if Bitcoin breaks above $106,000, the cumulative short liquidation intensity on major CEXs will reach $612 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of liquidated contracts. Instead, the bars on the chart represent the relative significance of each liquidation cluster compared to nearby clusters, i.e., the intensity.