On January 23, Coinglass data shows that if Bitcoin drops below $88,000, total long liquidation strength across top centralized exchanges (CEXs) will hit $638 million. Conversely, should Bitcoin climb above $91,000, total short liquidation strength on these mainstream CEXs will reach $1.034 billion. BlockBeats Note: Liquidation charts do not display the exact number or value of contracts subject to liquidation. Instead, the bars represent each liquidation cluster’s relative importance to adjacent clusters — i.e., its “strength.” This means the chart illustrates how sharply the underlying asset’s price will react when hitting a specific level. A taller liquidation bar signals a more intense price response driven by a liquidity cascade.
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