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If Bitcoin rebounds and breaks through $75,000, the cumulative short liquidation strength on major CEXs will reach 1.154 billion.
On March 5th, according to Coinglass data, if Bitcoin rebounds and breaks through $75,000, the cumulative short liquidation strength on major CEXs will reach 1.154 billion.
Conversely, if Bitcoin falls below $72,000, the cumulative long liquidation strength on major CEXs will be only 334 million. It needs to further drop below $71,000 to trigger a higher liquidation strength (1.234 billion).
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 liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters—that is, the intensity.
Therefore, the liquidation chart shows how much the price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will generate a stronger reaction due to liquidity waves once reached.