If Bitcoin surpasses $119,000, the mainstream CEX total short liquidation volume will reach 1.156 billion.

BlockBeats News, July 16th, according to Coinglass data, if Bitcoin breaks through $119,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.156 billion. Conversely, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEX will reach $734 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity surge once it reaches that level.