ChainCatcher reports that, according to Coinglass data, if Bitcoin breaks above $71,000, the cumulative short liquidation strength on major CEXs will reach 883 million. Conversely, if Bitcoin falls below $68,000, the cumulative long liquidation strength on major CEXs will reach 664 million.
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 represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price will react more strongly due to liquidity waves once reached.
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