If Bitcoin falls below $106,000, the mainstream CEX long liquidation volume will reach 874 million.

BlockBeats News, May 24th, according to Coinglass data, if Bitcoin falls below $106,000, the cumulative long liquidation intensity of mainstream CEXs will reach $874 million.

On the contrary, if Bitcoin surpasses $110,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.183 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that point.