If Bitcoin surpasses $119,000, the mainstream CEX cumulative short liquidation intensity will reach 8.58 billion.

BlockBeats News, August 23rd, according to Coinglass data, if Bitcoin breaks through $119,000, the total short liquidation intensity of mainstream CEX will reach $8.58 billion.

Conversely, if Bitcoin falls below $115,000, the total long liquidation intensity of mainstream CEX will reach $7.83 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, 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 stronger reaction due to a liquidity surge when it reaches that level.