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If Bitcoin surpasses $120,000, the mainstream CEX cumulative short liquidation intensity will reach 736 million.
BlockBeats News, July 15th, according to Coinglass data, if Bitcoin breaks through $120,000, the total short liquidation strength of mainstream CEXs will reach 736 million.
Conversely, if Bitcoin falls below $116,000, the total long liquidation strength of mainstream CEXs will reach 268 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the adjacent liquidation clusters, that is, the strength.
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 flush when it reaches that level.
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