BlockBeats News, February 8 — According to Coinglass data, if Bitcoin breaks above $73,000, the cumulative short liquidation strength on major CEXs will reach 482 million.
Conversely, if Bitcoin drops below $70,000, the cumulative long liquidation strength on major CEXs will reach 270 million.
BlockBeats 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 liquidation chart shows how much impact reaching a certain price level will have. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
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