If Bitcoin breaks through $109,000, the cumulative short order liquidation intensity of mainstream CEX will reach 624 million.

BlockBeats news, on June 29, according to Coinglass data, if Bitcoin breaks through $109,000, the cumulative short order liquidation intensity of mainstream CEX will reach $624 million. On the contrary, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity of mainstream CEX will only be $6,307,870. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches that point, there will be a stronger reaction due to the liquidity wave.