If Bitcoin breaks through $65k, the total liquidation strength of mainstream centralized exchanges (CEX) for short positions will reach 454 million.

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BlockBeats News, June 20th, according to Coinglass data, if Bitcoin breaks above $65k, the cumulative short liquidation strength on mainstream CEXs will reach 454 million.

Conversely, if Bitcoin falls below $62k, the cumulative long liquidation strength on mainstream CEXs will reach 581 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 columns" indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.

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RunningBambooPole
· 2h ago
Buy the dip 😎
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