On May 22, according to Coinglass data, if Bitcoin breaks through $111,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.447 billion. Conversely, if Bitcoin falls to $107,770, the cumulative long liquidation intensity on mainstream CEX will reach $1.232 billion. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart illustrates to what extent the target price will be affected upon reaching a certain position. A higher 'liquidation bar' indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.