BlockBeats News, on July 21, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity on mainstream CEX will reach $383 million.
Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on mainstream CEX will reach $197 million.
BlockBeats Note: The liquidation chart does not display 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, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, it will react more strongly due to a wave of liquidity.
