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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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Bitcoin price fluctuation may trigger over $1 billion in short order liquidations
On July 14, according to data from the data platform, if Bitcoin breaks through $121,000, the cumulative short order liquidation intensity on mainstream trading platforms will reach $1.061 billion.
On the contrary, if Bitcoin falls below 118,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will be 669 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance, or strength, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation graph shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation pillar" indicates that there will be a stronger reaction due to a wave of liquidity once the price is reached.