If Bitcoin breaks through $114,000, the cumulative short order liquidation intensity on mainstream CEX will reach $1.389 billion.

According to BlockBeats news on July 10, data from Coinglass shows that if Bitcoin breaks through $114,000, the cumulative short order liquidation intensity on mainstream CEX will reach $1.389 billion. Conversely, if Bitcoin falls below $108,500, the cumulative long order liquidation intensity on mainstream CEX will reach $1.994 billion. BlockBeats notes: The liquidation chart does not represent the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows how much impact the underlying price reaching a certain level will have. Higher "liquidation bars" indicate that once the price reaches that level, there will be a stronger reaction due to liquidity waves.