If Bitcoin falls below $106,000, the cumulative long order liquidation intensity of mainstream CEX will reach $775 million.

On July 12, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long order liquidation intensity on major CEXs will reach $775 million. Conversely, if Bitcoin breaks through $108,000, the cumulative short order liquidation intensity on major CEXs will only be $220 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart reflects the extent to which the underlying price reaching a certain level will be affected. Higher "liquidation bars" indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.