BlockBeats News, July 19th, according to Coinglass data, if Bitcoin breaks through $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.503 billion.
Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.310 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will elicit a more intense reaction due to a liquidity cascade.
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