$BTC Making Changes to the Liquidation Density in Major Trading Exchanges
According to BlockBeats, data from Coinglass on July 6 showed that if the price of Bitcoin exceeds $110,000, the total cumulative liquidation power of short sell orders on the main CEX exchange will reach 156 million contracts. Conversely, if the price of Bitcoin falls below $107,000, the total cumulative liquidation power of long sell orders on the main CEX exchange will reach 97.07 million contracts. The liquidation chart does not show the exact number or value of contracts to be liquidated, but it shows the significance, i.e., the power, of each liquidation group compared to neighboring liquidation groups. The liquidation chart indicates the degree of impact when the asset price reaches a certain level. A higher liquidation column indicates that the price will react more strongly to a wave of liquidity after reaching it.
