BlockBeats News, March 1 — According to Coinglass data, if Bitcoin drops below $65,000, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 736 million.
Conversely, if Bitcoin breaks above $68,000, the total liquidation strength of short positions on major CEXs will reach 512 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the chart represent the relative importance of each cluster of liquidations compared to nearby clusters—that is, the intensity.
Therefore, the liquidation chart shows how much the price of the underlying asset would be affected if it reaches a certain level. Higher “liquidation bars” indicate that once the price hits that level, it will trigger a stronger reaction due to liquidity waves.
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