If Bitcoin breaks $85,000, the mainstream CEX cumulative short liquidation pressure will reach $1.287 billion

On April 3rd, based on Coinglass data, if Bitcoin rebounds and exceeds $85,000, the cumulative short liquidation strength of mainstream CEX will amount to $1.287 billion. On the contrary, if Bitcoin drops below $82,000, the cumulative long liquidation strength of mainstream CEX will reach $0.287 billion. BlockBeats Notes: The liquidation chart does not display 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 neighboring clusters, that is, strength. Therefore, the liquidation chart shows the extent to which the asset's price reaching a certain level will be impacted. A higher "liquidation bar" indicates that when the price reaches that point, it will experience a stronger reaction due to a liquidity avalanche.