If Bitcoin breaks through $97,000, the total liquidation strength of mainstream CEX short positions will reach 726 million

On January 2, according to Coinglass data, if Bitcoin breaks through $97,000, the cumulative liquidation strength of mainstream CEX short positions will reach $726 million;

Conversely, if Bitcoin falls below $93,000, the cumulative liquidation strength of mainstream CEX long positions will reach $728 million.

BlockBeats note: The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters - that is their intensity.

Therefore, what a liquidation chart shows is how much impact there would be when an underlying price reaches a certain level. A higher "liquidating column" indicates that once prices hit this point there will be a stronger reaction due to liquidity waves.