If Bitcoin drops below $82,000, the mainstream CEX long liquidation pressure will reach $1.098 billion.

On April 16th, according to Coinglass data, if Bitcoin drops beneath $82,000, the overall long liquidation intensity on major CEXs will amount to $1.098 billion. Conversely, if Bitcoin surges above $85,000, the total short liquidation intensity on major CEXs will reach $938 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates to what extent the price of the underlying asset will be affected when it attains a certain level. Higher "liquidation bars" signify that the price reaching that level will trigger a more notable reaction due to a liquidity cascade.