If Bitcoin drops below $94,000, the mainstream CEX long liquidation force will reach 263 million

BlockBeats News, January 16th, according to Coinglass data, if Bitcoin falls below $94,000, the cumulative long liquidation intensity of mainstream CEXs will reach $263 million.

Conversely, if Bitcoin surpasses $97,000, the cumulative short liquidation intensity of mainstream CEXs will reach $97.5681 million.

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

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that point, a more intense reaction will occur due to a liquidity cascade.