If Bitcoin falls below $117,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.455 billion.

On July 23, according to Coinglass data, if Bitcoin falls below $117,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.455 billion. Conversely, if Bitcoin rises and breaks through $119,000, the cumulative short order liquidation intensity on mainstream CEX will only be $181 million. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts that have been 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 position will be affected. A higher "liquidation bar" indicates a stronger reaction due to liquidity waves once the price reaches that point.