If Bitcoin surpasses $120,000, the mainstream CEX total short liquidation volume will reach 383 million.

BlockBeats News, July 21st, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity of mainstream CEX will reach 383 million.

Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEX will reach 197 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 show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

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