BlockBeats News, June 21st, according to Coinglass data, if Bitcoin breaks through $10.5k, the cumulative short liquidation strength of mainstream CEXs will reach $1.231 billion.
Conversely, if Bitcoin falls below $10.2k, the cumulative long liquidation strength of mainstream CEXs will reach $800 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the asset's price reaching a certain position will be affected. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense response due to a liquidity cascade.