If Bitcoin breaks through its historical high, the cumulative short liquidation intensity of mainstream CEX will reach 81.15 million

ChainCatcher message: If Bitcoin breaks through the historical high of $124,461, the cumulative short liquidation intensity on mainstream CEX will reach 81.15 million. Conversely, if Bitcoin falls below $123,000, the cumulative long liquidation intensity on mainstream CEX will reach 474 million.

Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.