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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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If Bitcoin breaks through $110,000, the cumulative short order liquidation intensity of mainstream CEX will reach 996 million.
On July 8, according to Coinglass data, if Bitcoin breaks through $110,000, the cumulative short order liquidation intensity on mainstream CEX will reach $996 million. Conversely, if Bitcoin falls below $106,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.309 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger response due to a liquidity wave.