According to Coinglass data, if Bitcoin breaks through $104,000, the cumulative liquidation intensity of short positions on major CEXs will reach 915 million.

Conversely, if Bitcoin falls below $101,000, the cumulative liquidation intensity of long positions on major CEXs will reach 609 million.

BlockBeats Note: The liquidation chart does not show the precise number of contracts pending liquidation or the exact value of liquidated contracts. 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 impacted. A higher "liquidation bar" indicates that a stronger reaction will occur due to liquidity waves once the price is reached. #BTC重回关键位置后走势