If the price of Bitcoin can break through $119,000, the total liquidation scale of short positions on mainstream centralized exchanges (CEX) is expected to reach $858 million. If the price drops below $115,000, the liquidation intensity of long positions may reach $783 million.

The so-called liquidation chart is actually a kind of schematic used to estimate how much impact there may be on the market when the price of a currency reaches a certain key position. The higher "liquidation columns" in the chart indicate that there are a large number of positions waiting to be liquidated near this price level—once the price touches it, it can easily trigger more intense market fluctuations, whether up or down.

This also reminds us that the market is often not very calm near these key points. Once one side of the long or short positions is forced to liquidate massively, it will accelerate the price movement in a certain direction, creating a chain reaction. So even though the market seems to be consolidating now, the potential volatility energy has been accumulating. $BTC