According to BlockBeats, as of July 8, according to Coinglass data, the current contract positions of mainstream CEX (centralized exchanges) are as follows:
1. If the price of Bitcoin falls to around $50,000, it is expected that about $658 million of long orders will be liquidated.
2. On the other hand, with the unilateral decline in Bitcoin prices, as long orders decrease and short orders increase, if Bitcoin rebounds to around $58,000, it is expected that about $1.522 billion of short orders will be liquidated.
These data show the extreme situation of both long and short sides in the current market, reflecting the potential scope and risk of price fluctuations on the contract market.
