BlockBeats News, July 21, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative short liquidation intensity on major CEXs will reach $411 million. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on major CEXs will reach $511 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The columns on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation column" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.