If Bitcoin drops below $94,000, the mainstream CEX's aggregated long liquidation volume will reach $1.556 billion

BlockBeats News, January 15th, according to Coinglass data, if Bitcoin falls below $94,000, the cumulative long liquidation strength of mainstream CEX will reach $1.556 billion.

Conversely, if Bitcoin exceeds $98,000, the cumulative short liquidation strength of mainstream CEX will reach $749 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation column" indicates that the price reaching that level will generate a stronger reaction due to a liquidity cascade.