Should Bitcoin exceed $96,000, the cumulative short liquidation intensity across major CEXs will reach $1.143 billion

On April 29, according to Coinglass data, if Bitcoin exceeds $96,000, the cumulative short liquidation intensity across major CEXs will reach $1.143 billion. Conversely, if Bitcoin falls below $94,000, the cumulative long liquidation intensity across major CEXs will reach $659 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent clusters, i.e., the intensity. Therefore, the liquidation chart illustrates the extent to which a subject price reaching a certain level will be affected. A higher "liquidation bar" indicates a stronger reaction due to liquidity surges when the price reaches that point.