If Bitcoin drops below $94,000, the mainstream CEX long liquidation volume will reach 442 million.

On January 17th, data from Coinglass shows that if Bitcoin falls below $94,000, total long liquidation strength across major centralized exchanges (CEXs) will hit $442 million. Conversely, if Bitcoin climbs above $96,000, total short liquidation strength for those same CEXs will reach $250 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts at risk of liquidation or the precise value of those contracts. Instead, the bars on these charts represent how significant each liquidation cluster is relative to adjacent clusters—i.e., its "strength." As such, the chart indicates the degree to which Bitcoin’s price will react when it hits a specific level. A taller "liquidation bar" means the price will see a stronger response once that level is reached, driven by a liquidity cascade.