If Bitcoin surpasses $120,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.154 billion.

On August 10th, according to Coinglass data, in the event that Bitcoin surges above $120,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.154 billion. Conversely, if Bitcoin drops below $116,000, the cumulative long liquidation intensity on mainstream CEXs will be $950 million. BlockBeats Note: The liquidation chart does not disclose the precise number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually signify the relative significance of each liquidation cluster in relation to neighboring clusters, that is, the intensity. Therefore, the liquidation chart illustrates to what extent the price of the underlying asset will be impacted when it attains a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a surge in liquidity once it reaches that level.