If Bitcoin breaks through $120,000, the cumulative short order liquidation intensity of mainstream CEX will reach 736 million.

On July 15, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short order liquidation intensity of mainstream CEX will reach $736 million. Conversely, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity of mainstream CEX will reach $268 million. BlockBeats notes: 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 show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., the intensity. Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches that level, it will produce a stronger reaction due to the liquidity wave.

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