Data from BlockBeats indicates that if Bitcoin’s price drops below $95,000, long positions across major centralized exchanges (CEX) could face a cumulative liquidation of up to $623 million. Conversely, if the price climbs above $97,000, short positions would be impacted with an estimated liquidation value of $242 million. 
It’s important to note that BlockBeats’ chart provides insights into the potential intensity of liquidations but doesn’t show the exact number of contracts or their total value. Instead, it visualizes the relative importance of each cluster, signifying how significantly price changes can trigger liquidity waves.
Therefore, this chart highlights how much volatility would be expected in both long and short positions when Bitcoin’s price reaches certain levels. Higher bars on the chart imply a larger response as the market experiences increased buying or selling activity.