If Bitcoin surpasses $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.154 billion.

BlockBeats News, August 10th, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.154 billion.

Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will be $950 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 indicate the relative importance of each liquidation cluster to neighboring clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity surge once it reaches that level.