If Bitcoin breaks through $120,000, the cumulative short liquidation intensity on major CEXs will reach $1.154 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity on major CEXs will be $950 million.

It is evident that there is a significant accumulation of shorts below, especially in the Ethereum $3,500-$4,000 range, where there is a large number of shorts. If it breaks through the $4,500 level, it can liquidate 90% of the shorts below. #ETH突破4300