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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Bitcoin breaking $110,000 or falling below $107,000 will trigger billion-level liquidation.
On July 6, according to data from the data platform, if Bitcoin breaks through 110,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will reach 156 million.
Conversely, if Bitcoin falls below $107,000, the cumulative long order liquidation intensity on mainstream trading platforms will reach $97.07 million.
Note: The liquidation chart does not display the exact number of contracts to be liquidated, nor the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation column" indicates that there will be a stronger reaction due to liquidity waves after the price has reached it.