If Bitcoin drops below $97,000, the mainstream CEX long liquidation pressure will reach 983 million.

BlockBeats News, February 2nd, according to Coinglass data, if Bitcoin falls below $97,000, the cumulative long liquidation intensity on mainstream CEXs will reach $983 million.

Conversely, if Bitcoin rebounds above $102,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.402 billion.

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

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price, when reached, will have a more intense reaction due to a liquidity cascade.