On January 10, according to Coinglass data, if Bitcoin breaks through $96,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.228 billion; conversely, if Bitcoin falls below $92,000, the cumulative long liquidation intensity on mainstream CEXs will reach $630 million. Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.