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If Bitcoin falls below $60,000, the total liquidation strength of long positions across major centralized exchanges (CEX) will reach 1.064 billion.
BlockBeats News, June 10th, according to Coinglass data, if Bitcoin drops below $60k, the total long liquidation strength on major centralized exchanges (CEX) will reach 60k.
Conversely, if Bitcoin breaks through $63k, the total short liquidation strength on major CEXs will reach 1.06B.
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 will have when reaching a certain level. Higher "liquidation columns" indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.