If Bitcoin surpasses $96,000, the mainstream CEX cumulative short liquidation pressure will reach $1.143 billion

On April 29th, based on Coinglass data, if Bitcoin manages to break through $96,000, the cumulative short liquidation intensity on mainstream CEX will amount to $1.143 billion. Conversely, if Bitcoin drops below $94,000, the cumulative long liquidation intensity on mainstream CEX will reach $659 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Therefore, the liquidation chart illustrates the extent to which reaching a certain price level will be impacted. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.