If Bitcoin breaks $119,000, the mainstream CEX total short liquidation volume will reach 765 million.

BlockBeats News, July 13th, according to Coinglass data, if Bitcoin breaks through $119,000, the total short liquidation intensity on mainstream CEXs will reach $765 million.

Conversely, if Bitcoin drops below $116,000, the total long liquidation intensity on mainstream CEXs will be $979 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that level.