If Bitcoin breaks through $118,000, the cumulative short order liquidation intensity of mainstream CEX will reach 823 million.

On July 11, according to Coinglass data, if Bitcoin breaks through $118,000, the cumulative short order liquidation intensity on mainstream CEX will reach $823 million. Conversely, if Bitcoin falls below $115,000, the cumulative long order liquidation intensity on mainstream CEX will reach $567 million. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts that are being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.

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