If Bitcoin breaks $104,000, the mainstream CEX cumulative short liquidation pressure will reach $538 million.

BlockBeats News, January 28th, according to Coinglass data, if Bitcoin breaks through $104,000, the cumulative short liquidation intensity of mainstream CEX will reach $538 million.

Conversely, if Bitcoin falls below $101,000, the cumulative long liquidation intensity of mainstream CEX will reach $628 million.

BlockBeats 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 indicate the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

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