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If Bitcoin drops below $68,000, the total long liquidation strength on mainstream CEXs will reach 616 million.
ChainCatcher Message: According to Coinglass data, if Bitcoin drops below $68,000, the total long liquidation strength on major CEXs will reach 616 million. Conversely, if Bitcoin breaks above $73,000, the total short liquidation strength on major CEXs will reach 756 million.
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 liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves.