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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 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 288 million.
On July 8, according to Coinglass data, if Bitcoin breaks through $110,000, the cumulative short order liquidation intensity of mainstream CEX will reach $288 million. Conversely, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity of mainstream CEX will reach $209 million. BlockBeats notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of liquidated contracts. 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, it will trigger a stronger reaction due to liquidity waves.