If Bitcoin breaks $88,000, the mainstream CEX total short liquidation volume will reach 371 million.

BlockBeats News, March 20th, according to Coinglass data, if Bitcoin breaks above $88,000, the cumulative short liquidation intensity on mainstream CEXs will reach $371 million.

Conversely, if Bitcoin falls below $84,000, the cumulative long liquidation intensity on mainstream CEXs will reach $422 million.

BlockBeats Note: The liquidation chart does not show the exact 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, 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 experience a more intense reaction due to a liquidity wave once it reaches that point.