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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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CryptoQuant Analyst: Bitcoin's New High Driven by US Buying Pressure, Market Bullish Sentiment May Not Be Over Yet

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Trader Eugene: Disagreeing with the pump.fun TGE will cause a drop in the associated meme coin

On July 10th, Trader Eugene posted in his personal community, discussing the impact of the pump.fun TGE on the price trend of related meme coins and the influence of capital inflow. "I don't think it's very reasonable to witness meme coins' price decline just because of the launch of the pump.fun token. From a fundamental perspective, I believe this doesn't make much sense. Investors don't purchase Fartcoin because they seek exposure to the overall meme market; they buy it because they are attracted by its volatility and its name. I truly don't understand why the TGE of a revenue-generating platform would lead to such significant volatility in a marginal coin like Fartcoin. If I had to give an opinion, I think this seems more like a buying opportunity for meme coins. However, I'm not very certain about this; it's just a real-time record of my thoughts."

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