Data: If Bitcoin falls below $120,000, the cumulative long liquidation intensity on mainstream CEX will reach $957 million

ChainCatcher message, if Bitcoin falls below $120,000, the cumulative long liquidation intensity on mainstream CEX will reach $957 million. Conversely, if Bitcoin breaks above $123,000, the cumulative short liquidation intensity on mainstream CEX will be $989 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 importance 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, there will be a stronger reaction due to liquidity waves.