If Bitcoin drops below $103,000, the mainstream CEX long liquidation volume will reach 763 million.

BlockBeats News, June 1st, according to Coinglass data, if Bitcoin falls below $103,000, the cumulative long liquidation intensity of mainstream CEX will reach 763 million.

Conversely, if Bitcoin breaks above $105,000, the cumulative short liquidation intensity of mainstream CEX will reach 33.96 million.

BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually reflect the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, 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 will have a stronger reaction due to a liquidity cascade after reaching that point.