$ETH Theo BlockBeats, data from Coinglass shows that if the price of Bitcoin drops below $108,000, the accumulated liquidation intensity for long positions on major centralized exchanges (CEX) will reach $1.143 billion.

Conversely, if Bitcoin surpasses $111,000, the accumulated liquidation intensity for short positions on these exchanges will total $924 million.

BlockBeats notes that the liquidation chart does not show the exact number of contracts waiting to be liquidated or their exact value. Instead, the bars on the chart represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity.

Therefore, the chart illustrates the potential impact on the market when the asset price reaches certain levels. A higher "liquidation bar" indicates a stronger market reaction due to liquidity waves when the price reaches that point.