If Bitcoin surpasses $104,000, the mainstream CEX total short liquidation volume will reach 260 million

BlockBeats News, January 17th, according to Coinglass data, if Bitcoin surpasses $104,000, the cumulative short liquidation intensity of mainstream CEXs will reach 260 million.

On the other hand, if Bitcoin drops below $99,000, the cumulative long liquidation intensity of mainstream CEXs will reach 293 million.

BlockBeats Note: The liquidation chart does not display the precise number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade when it reaches that point.