If Bitcoin breaks through $120,000, the cumulative short order liquidation intensity of mainstream CEX will reach $1.154 billion.

On August 10, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short order liquidation intensity on major CEXs will reach $1.154 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity on major CEXs will be $950 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that after the price reaches that point, there will be a stronger reaction due to a liquidity wave.