If Bitcoin drops below $91,000, the mainstream CEX cumulative long liquidation will reach $508 million

BlockBeats News, January 7th, according to Coinglass data, if Bitcoin drops below $91,000, the cumulative long liquidation intensity of mainstream CEXs will reach 508 million.

Conversely, if Bitcoin surpasses $93,000, the cumulative short liquidation intensity of mainstream CEXs will reach 256 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, that is, the intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will be impacted. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.