BlockBeats news, on June 7, according to Coinglass data, if Bitcoin breaks through $106,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.141 billion. Conversely, if Bitcoin falls below $103,000, the cumulative long order liquidation intensity of mainstream CEX will reach $1.388 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The columns on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows how much impact will occur when the underlying price reaches a certain position. A higher “liquidation column” indicates that there will be a stronger reaction due to liquidity waves after the price reaches that point.
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