If Bitcoin surpasses $120,000, the mainstream CEX total cumulative short liquidation volume will reach $1.285 billion.

BlockBeats News, July 24th, according to Coinglass data, if Bitcoin breaks $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.285 billion.

Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.946 billion.

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 clusters, i.e., 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 experience a stronger reaction due to a liquidity cascade once it reaches that point.