If Bitcoin surpasses $106,000, the mainstream CEX total short liquidation volume will reach 1.141 billion

On June 7th, according to Coinglass data, in the event that Bitcoin breaks through $106,000, the cumulative short liquidation strength of mainstream CEX will amount to $1.141 billion. Conversely, if Bitcoin drops below $103,000, the cumulative long liquidation strength of mainstream CEX will reach $1.388 billion. BlockBeats Notes: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Therefore, the liquidation chart shows to what degree the price of an asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.