If Bitcoin drops below $83,000, the mainstream CEX long liquidation pressure will reach 349 million.

BlockBeats News, February 27th, according to Coinglass data, if Bitcoin falls below $83,000, the cumulative long liquidation strength of mainstream CEXs will reach 349 million.

On the other hand, if Bitcoin surpasses $87,000, the cumulative short liquidation strength of mainstream CEXs will reach 171 million.

BlockBeats Note: The liquidation chart does not show 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 represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.

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 have a stronger reaction due to a liquidity cascade once it reaches that level.