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If Bitcoin surpasses $114,000, the mainstream CEX cumulative short liquidation pressure will reach $1.389 billion.

8 hours ago

On July 10th, according to Coinglass data, if Bitcoin manages to break through $114,000, the cumulative short liquidation strength on mainstream CEXs will reach $1.389 billion. Conversely, if Bitcoin drops below $108,500, the cumulative long liquidation strength on mainstream CEXs will reach $1.994 billion. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.
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