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If Bitcoin breaks through $75k, the total liquidation strength of mainstream centralized exchanges' short positions will reach 75k.
ME News Report, April 10th (UTC+8), according to Coinglass data, if Bitcoin breaks through $75k, the cumulative short liquidation strength on mainstream centralized exchanges (CEX) will reach 75k. Conversely, if Bitcoin falls below $71k, the cumulative long liquidation strength on mainstream CEXs will reach 1.25B. 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 actually represent the importance, or strength, of each liquidation cluster relative to nearby clusters. Therefore, the chart shows how much the underlying price will be affected when it reaches a certain level. Higher “liquidation bars” indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves. (Source: BlockBeats)