On June 26, according to data from the data platform, if Bitcoin falls below $105,000, the cumulative long order liquidation intensity on mainstream trading platforms will reach $649 million.
Conversely, if Bitcoin breaks through 109,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will reach 401 million.
Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher “liquidation column” indicates that once the price reaches that level, it will react more strongly due to the wave of liquidity.
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Bitcoin price critical point: $105,000 long order and $109,000 short order face huge liquidation.
On June 26, according to data from the data platform, if Bitcoin falls below $105,000, the cumulative long order liquidation intensity on mainstream trading platforms will reach $649 million.
Conversely, if Bitcoin breaks through 109,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will reach 401 million.
Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher “liquidation column” indicates that once the price reaches that level, it will react more strongly due to the wave of liquidity.