ChainCatcher reports that, according to Coinglass data, if Bitcoin breaks above $66,000, the total liquidation strength of major CEXs will reach 1.593 billion. Conversely, if Bitcoin falls below $62,000, the total long liquidation strength of major CEXs will reach 717 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 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 would be affected if 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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