According to Coinglass data, if Bitcoin falls below $107,000, the cumulative liquidation intensity of long positions on major CEXs will reach $259 million. Conversely, if Bitcoin breaks through $109,000, the cumulative liquidation intensity of short positions on major CEXs will reach $128 million. Note from Coinglass: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to its neighboring liquidation clusters, i.e., its strength. Therefore, the liquidation chart shows the extent to which the price of an asset will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly due to the liquidity surge after reaching that level.