On July 5th, according to Coinglass data, if Bitcoin falls below $107,000, the cumulative long positions liquidation intensity of mainstream CEXs will reach $444 million.
Conversely, if Bitcoin breaks through $109,000, the cumulative short positions liquidation intensity of mainstream CEXs will reach $592 million.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart reveals the extent to which the underlying asset's price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that point, it will generate a more intense reaction due to the liquidity wave.
