ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative liquidation intensity of short positions on mainstream CEX will reach $858 million.

Conversely, if Bitcoin falls below $115,000, the cumulative liquidation intensity of long positions on mainstream CEX will reach $783 million.

The liquidation chart does not represent the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the significance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.

Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to the liquidity wave.