If Bitcoin surpasses $120,000, the mainstream CEX cumulative short liquidation strength will reach 475 million.

BlockBeats News, July 31st, according to Coinglass data, if Bitcoin surpasses $120,000, the cumulative short liquidation intensity on mainstream CEXs will reach $475 million.

Conversely, if Bitcoin drops below $116,000, the cumulative long liquidation intensity on mainstream CEXs will reach $86.25 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 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 generate a stronger reaction due to a liquidity cascade.