If Bitcoin surpasses $106,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.141 billion

On June 7, according to Coinglass data, if Bitcoin surpasses $106,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.141 billion.

Conversely, if Bitcoin falls below $103,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.388 billion.

BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the adjacent clusters, i.e., the intensity.

Therefore, the liquidation chart demonstrates the extent to which the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates a stronger reaction due to a wave of liquidity once the price reaches that level.