If Bitcoin falls below $116,000, the cumulative long order liquidation intensity of mainstream CEX will reach 829 million.

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On July 15, influenced by the selling of ancient Bitcoin whales, Bitcoin fell to the 117,000 USD range. According to Coinglass data, if Bitcoin falls below 116,000 USD, the cumulative long order liquidation intensity on mainstream CEX will reach 829 million. Conversely, if Bitcoin rises and breaks through 118,000 USD, the cumulative short order liquidation intensity on mainstream CEX will only be 159 million. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation 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, it will trigger a stronger reaction due to liquidity waves.

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