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If Bitcoin breaks through $119,000, the cumulative short order liquidation intensity of mainstream CEX will reach $411 million.
On July 21, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative short order liquidation intensity of mainstream CEX will reach $411 million. Conversely, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity of mainstream CEX will reach $511 million. BlockBeats notes: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster in relation to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart illustrates the extent to which the target price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.