If Bitcoin breaks through $120,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.503 billion.

On July 19, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short order liquidation intensity on major CEXs will reach $1.503 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long order liquidation intensity on major CEXs will reach $1.310 billion. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of the contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster in proximity to other clusters, i.e., intensity. Therefore, the liquidation chart shows 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, there will be a stronger reaction due to liquidity waves.