BlockBeats News, on July 24, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.285 billion.
Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.946 billion.
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 bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster in proximity to each other.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that when the price reaches that point, it will trigger a stronger reaction due to liquidity waves.
