If Bitcoin breaks through $119,000, the cumulative short order liquidation intensity of mainstream CEX will reach $765 million.

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On July 13, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative short order liquidation intensity on major CEXs will reach $765 million. Conversely, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity on major CEXs will be $979 million. BlockBeats note: The liquidation chart does not display 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 of each liquidation cluster relative to nearby liquidation clusters, that is, intensity. Therefore, the liquidation chart reflects to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that once the price reaches that point, it will respond more strongly due to a liquidity wave.

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