On May 31, according to Coinglass data, if Bitcoin drops below $102,000, the cumulative long liquidation intensity of mainstream CEX will reach $987 million. Conversely, if Bitcoin breaks above $105,000, the cumulative short liquidation intensity of mainstream CEX will reach $476 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the 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, it will trigger a stronger reaction due to liquidity waves.