If Bitcoin surpasses $120,000, the mainstream CEX's total short liquidation volume will reach 1.04 billion.

BlockBeats News, July 29th, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.04 billion.

Conversely, if Bitcoin falls below $117,000, the cumulative long liquidation intensity of mainstream CEXs will reach $784 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

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