If Bitcoin breaks through $111,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.258 billion.

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On July 3, according to Coinglass data, if Bitcoin breaks through $111,000, the cumulative short order liquidation intensity on mainstream CEX will reach $1.258 billion. Conversely, if Bitcoin falls to $106,692, the cumulative long order liquidation intensity on mainstream CEX will reach $2.716 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 pillars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation pillar" indicates that once the price reaches that level, it will react more strongly due to a liquidity wave.

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