#MarketPullback The price movements of Bitcoin could trigger significant liquidations

According to BlockBeats, Coinglass data indicates that if Bitcoin falls below $108,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $666 million. Conversely, if Bitcoin exceeds $110,000, the cumulative liquidation intensity of short positions on these exchanges will be only $42.885 million.

BlockBeats notes that the liquidation chart does not show the exact number of contracts pending liquidation or their precise value. Instead, the bars on the chart represent the relative importance of each liquidation group compared to nearby groups, indicating intensity.

Therefore, the chart illustrates to what extent the target price upon reaching a certain level will be affected. A higher "liquidation bar" suggests that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.$BTC