If Bitcoin breaks $80,000, mainstream CEX total short liquidation volume will reach $1.063 billion

Per Coinglass data, as of February 2nd, if Bitcoin breaks above $80,000, total short liquidations across major centralized exchanges (CEXs) will hit $1.063 billion. Conversely, should Bitcoin drop below $76,000, total long liquidations across major CEXs will total $296 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. Instead, the bars on these charts reflect how significant each liquidation cluster is relative to adjacent clusters—this is referred to as "strength." In short, liquidation charts indicate the magnitude of impact a given price level will have if reached. A taller "liquidation bar" means a more severe reaction will unfold at that price due to a liquidity cascade.