If Bitcoin surpasses $120,000, the mainstream CEX cumulative short liquidation intensity will reach 359 million.

BlockBeats News, August 10th, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity of mainstream CEXes will reach 359 million.

Conversely, if Bitcoin falls below $117,000, the cumulative long liquidation intensity of mainstream CEXes will reach 274 million.

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

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