If Bitcoin breaks $88,000, the mainstream CEX total short liquidation volume will reach 371 million.

On March 20th, based on Coinglass data, if Bitcoin surges above $88,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $371 million. Conversely, if Bitcoin drops below $84,000, the cumulative long liquidation intensity on mainstream CEXs will reach $422 million. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity wave once it reaches that specific point.