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Data: If Bitcoin falls below $64k, the total liquidation strength of long positions on mainstream centralized exchanges (CEX) will reach 984 million.

MarsBitNews
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Mars Finance News, according to Coinglass data, if Bitcoin falls below $64,000, the cumulative liquidation strength of major CEX long positions will reach $984 million. Conversely, if Bitcoin breaks above $68,000, the cumulative liquidation strength of major CEX short positions will reach $991 million. The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually indicate the importance of each liquidation cluster relative to nearby clusters—i.e., the intensity. Therefore, the liquidation chart shows how much the underlying asset’s price will be affected once it reaches a certain level. A higher “liquidation bar” means that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.
BTC-0.63%
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