If Bitcoin drops below $92,000, the mainstream CEX liquidation volume will reach $1.15 billion

BlockBeats News, January 9th, according to Coinglass data, if Bitcoin falls below $92,000, the aggregated long liquidation intensity on mainstream CEXs will reach $1.15 billion.

Conversely, if Bitcoin surpasses $96,000, the aggregated short liquidation intensity on mainstream CEXs will reach $1.024 billion.

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

Therefore, the liquidation chart shows to what extent the asset's price reaching a certain point will be impacted. A higher "liquidation bar" indicates that once the price reaches that level, a stronger reaction will occur due to a liquidity cascade.