If Bitcoin falls below $105,000, the liquidation pressure for long positions on mainstream exchanges will reach $649 million.

Conversely, if it breaks through $109,000, the liquidation pressure for short positions on mainstream exchanges will be $401 million.

To explain: the liquidation chart does not display the specific number or value of contracts to be liquidated, but rather the importance (or intensity) of each liquidation point relative to nearby levels.

Therefore, the liquidation chart shows how much impact the price reaching a certain level will have. The higher the 'liquidation bar', the stronger the reaction will be when the price reaches that point due to liquidity fluctuations.