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If Bitcoin breaks through $75k, the total liquidation strength of mainstream centralized exchanges (CEX) for short positions will reach $453 million.
BlockBeats News, May 31st, according to Coinglass data, if Bitcoin breaks above $75k, the cumulative short liquidation strength on mainstream CEXs will reach $453 million.
Conversely, if Bitcoin drops below $72k, the cumulative long liquidation strength on mainstream CEXs will reach $670 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 liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows how much impact the price of the underlying asset reaching a certain level will have. Higher "liquidation columns" indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.