If Bitcoin breaks through $116,000, the cumulative short order liquidation intensity of mainstream CEX will reach 736 million.

On August 4th, according to Coinglass data, if Bitcoin breaks through $116,000, the cumulative short order liquidation intensity of mainstream CEX will reach $736 million. Conversely, if Bitcoin falls below $113,000, the cumulative long order liquidation intensity of mainstream CEX will be $570 million. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, it will respond more strongly due to a liquidity wave.