If Bitcoin drops below $93,000, the mainstream CEX long liquidation pressure will reach 468 million.

On February 19th, according to Coinglass data, in the event that Bitcoin falls below $93,000, the cumulative intensity of long liquidation on mainstream CEXes will reach $468 million. Conversely, if Bitcoin surpasses $97,000, the cumulative intensity of short liquidation on mainstream CEXes will reach $350 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity cascade once it reaches that level.