If Bitcoin breaks through $120,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.285 billion.

On July 24, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short order liquidation intensity on major CEX will reach $1.285 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity on major CEX will reach $1.946 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation column" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.