If Bitcoin breaks through $120,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.04 billion.

On July 29th, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short order liquidation intensity on mainstream CEX will reach $1.04 billion. Conversely, if Bitcoin falls below $117,000, the cumulative long order liquidation intensity on mainstream CEX will reach $784 million. BlockBeats notes: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance of each liquidation cluster relative to the nearby liquidation clusters, i.e., the intensity. Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.