If Bitcoin falls below $65k, the total liquidation strength of long positions on mainstream CEXs will reach $65k.

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ChainCatcher reports that, according to Coinglass data, if Bitcoin falls below $65k, the total liquidation intensity of long positions on major CEXs will reach 65k. Conversely, if Bitcoin breaks above $68k, the total liquidation intensity of short positions on major CEXs will reach 754 million.

Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the nearby liquidation clusters—that is, the intensity. Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price gets there, it will trigger a much stronger reaction due to the liquidity wave.

BTC2.7%
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