BlockBeats News, on June 8, according to Coinglass data, if Bitcoin falls below $104,000, the cumulative liquidation strength of mainstream CEXs will reach 885 million. On the contrary, if Bitcoin exceeds $106,000, the cumulative liquidation strength of short orders on mainstream CEXs will reach 11,624,100. BlockBeats Note: The liquidation chart is not intended to show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The bars on the liquidation chart show the importance of each liquidation cluster relative to its proximity, i.e., its strength. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price will react more strongly to the liquidity wave.
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