According to Coinglass data from July 8, Bitcoin is currently in a critical price range. A breakout or breakdown from this range could trigger large-scale liquidations on several major centralized exchanges (CEX).

If the Bitcoin price breaks above $110,000, a large number of short positions that have accumulated in the market may be forcefully closed, with total liquidations expected to approach $996 million. Conversely, if Bitcoin falls below $106,000, the losses for long positions could be even greater, with liquidation amounts potentially reaching $1.309 billion.

It is important to note that the liquidation heatmap published by COINOTAG does not directly show the specific number of contracts or amounts but uses colors and symbols to represent the liquidation intensity at various price levels. The larger the liquidation bar on the chart, the more concentrated the financial risk is at that price level. Once the price touches that level, it could lead to significant fluctuations.

For traders active on major CEX, this type of data visualization is very valuable for helping them better grasp the critical price points of Bitcoin and the potential risks in the market at those levels. #美国加征关税