If Bitcoin breaks $109,000, mainstream CEX cumulative short liquidation pressure will reach $624 million

BlockBeats News, June 29th, according to Coinglass data, if Bitcoin breaks through $10.9K, the total short liquidation intensity of mainstream CEXs will reach $624 million.

Conversely, if Bitcoin falls below $10.7K, the total long liquidation intensity of mainstream CEXs will only be $63.0787 million.

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

Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity surge.