If Bitcoin breaks $97,000, the mainstream CEX cumulative short liquidation pressure will reach 290 million.

BlockBeats News, January 10, according to Coinglass data, if Bitcoin breaks through $97,000, the cumulative short liquidation intensity of mainstream CEXs will reach $290 million.

Conversely, if Bitcoin falls below $93,000, the cumulative long liquidation intensity of mainstream CEXs will reach $182 million.

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

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity event when it reaches that level.