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Data: If Bitcoin breaks $62k, the cumulative short liquidation intensity on mainstream CEXs will reach $915 million.

MarsBitNews
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Mars Finance News, according to Coinglass data, if Bitcoin breaks through $62k, the cumulative short liquidation intensity on major CEXs will reach 915 million. Conversely, if Bitcoin drops below $59k, the cumulative long liquidation intensity on major CEXs will reach 697 million. The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of liquidated contracts. The bars on the liquidation chart actually display the importance of each liquidation cluster relative to its neighboring clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying asset price will be affected when it reaches a certain level. A taller "liquidation bar" indicates a stronger reaction due to the wave of liquidity once the price reaches that level.
BTC1.19%
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