Based on recent data, if Bitcoin prices drop to $53,000, the cumulative liquidation strength of long positions on mainstream CEX platforms would reach 597 million. Conversely, if Bitcoin prices rise to $56,000, the cumulative liquidation strength of short positions would increase to 510 million. The liquidation graph does not directly reflect specific contract quantities or values; instead, it shows the relative importance of each liquidation cluster compared to its adjacent clusters to depict its 'strength'. Thus, the liquidation graph actually reveals the scale of liquidity shocks that might occur when the market reaches a specific price level. A higher 'liquidation bar' indicates that after price movements, there will be a more intense demand for liquidity, leading to a more pronounced market reaction.