If Bitcoin breaks through $121,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.023 billion

ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $121,000, the cumulative short liquidation intensity on mainstream CEX will reach $1.023 billion. Conversely, if Bitcoin falls below $119,000, the cumulative long liquidation intensity on mainstream CEX will only be $60.11 million.

Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. 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 the extent to which the underlying price reaching a certain level 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.