ChainCatcher message: According to Coinglass data, if Bitcoin drops below $64,000, the total liquidation strength of long positions on major CEXs will reach 898 million. Conversely, if Bitcoin breaks above $69,000, the total liquidation strength of short positions on major CEXs will reach 1.417 billion.
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 in proximity to other clusters, i.e., the intensity. Therefore, the chart shows how much the price of the underlying asset would be affected when reaching a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves.
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