If Bitcoin drops below $83,000, the mainstream CEX long liquidation volume will reach 837 million.

BlockBeats News, April 20th, according to Coinglass data, if Bitcoin falls below $83,000, the cumulative long liquidation intensity on major CEXs will reach $837 million.

Conversely, if Bitcoin surpasses $86,000, the cumulative short liquidation intensity on major CEXs will reach $357 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. 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 underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will experience a more intense reaction due to a liquidity cascade.