If Bitcoin falls below $116,000, the mainstream CEX liquidation pressure will reach $1.331 billion.

BlockBeats News, July 30th, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.331 billion.

Conversely, if Bitcoin surpasses $119,000, the cumulative short liquidation intensity of mainstream CEXs will reach $735 million.

BlockBeats Note: The liquidation chart does not precisely display the number of contracts waiting 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 neighboring clusters, i.e., intensity.

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