According to BlockBeats, on July 12, Coinglass data shows that if Bitcoin drops below $116,000, the cumulative long liquidation intensity on mainstream CEXs will reach $775 million. If Bitcoin breaks above $118,000, the cumulative short liquidation intensity on mainstream CEXs will only be $220 million. The liquidation chart illustrates the degree of impact when the price reaches a certain level; the higher the liquidation bar, the stronger the reaction to price changes.
Impact of Bitcoin Price Fluctuations on CEX Liquidation Intensity
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BTC
118,960.01
-0.11%
