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If Bitcoin falls below $60k, the total liquidation strength of long positions on mainstream centralized exchanges (CEX) will reach 823 million.
BlockBeats News, June 9th, according to Coinglass data, if Bitcoin drops below $60k, the total long liquidation strength on major CEXs will reach 823 million.
Conversely, if Bitcoin breaks through $64k, the total short liquidation strength on major CEXs will reach 981 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 the price of the underlying asset 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.