BlockBeats News, July 21, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative short liquidation intensity on mainstream CEX will reach $411 million. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on mainstream CEX will reach $511 million.
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 pillars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster in proximity to other liquidation clusters.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that once the price reaches that point, it will produce an even stronger reaction due to the liquidity wave.
