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If Bitcoin falls below $65k, the total liquidation strength of long positions on mainstream CEXs will reach $65k.
Mars Finance reports that, according to Coinglass data, if Bitcoin falls below $65k, the aggregate liquidation intensity of long positions on major CEXs will reach 65k. Conversely, if Bitcoin breaks above $68k, the aggregate liquidation intensity of short positions on major CEXs will reach 754 million. Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts that will be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters—i.e., the intensity. Therefore, the liquidation chart shows to what extent the target price being at a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that level, it will trigger a more intense reaction due to liquidity waves.