If Bitcoin Surpasses $109,000, Total Short Liquidations on Major CEXs Will Reach $624 Million

BlockBeats News, June 29—According to Coinglass data, if Bitcoin surpasses $109,000, the cumulative short liquidation intensity on major CEXs will reach $624 million.

Conversely, if Bitcoin falls below $107,000, the cumulative long liquidation intensity on major CEXs will be only $63.0787 million.

BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance, or intensity, of each liquidation cluster compared to adjacent clusters.

Therefore, the liquidation chart shows the extent to which the underlying asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price hits that level, there will be a more intense reaction due to a wave of liquidity.