ChainCatcher reports that, according to Coinglass data, if Bitcoin breaks above $68,000, the cumulative short liquidation strength on major CEXs will reach 966 million. Conversely, if Bitcoin falls below $64,000, the cumulative long liquidation strength on major CEXs will reach 750 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 reaching a certain level. Higher “liquidation bars” indicate that once the price reaches that level, there will be a stronger reaction due to liquidity waves.
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