If Bitcoin surpasses $107,000, the cumulative short liquidation intensity on major CEXs will reach $532 million

BlockBeats reports that on June 9, according to Coinglass data, if Bitcoin surpasses $107,000, the cumulative short liquidation intensity on major CEXs will reach $532 million.

Conversely, if Bitcoin falls below $104,000, the cumulative long liquidation intensity on major CEXs will reach $976 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 show the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity.

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