If Bitcoin breaks through $114,000, the cumulative short order liquidation intensity of mainstream CEX will reach 603 million.

On August 3rd, according to Coinglass data, if Bitcoin breaks through $114,000, the cumulative short order liquidation intensity of mainstream CEX will reach $603 million. Conversely, if Bitcoin falls below $112,000, the cumulative long order liquidation intensity of mainstream CEX will only be $68.916 million. Note from BlockBeats: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of 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 demonstrates the extent to which 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.