On February 5th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation strength on major CEXs will reach 616 million. Conversely, if Bitcoin breaks above $73,000, the cumulative short liquidation strength on major CEXs will reach 756 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 to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain 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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If Bitcoin drops below $68,000, the total liquidation strength of mainstream CEX long positions will reach $616 million.
On February 5th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation strength on major CEXs will reach 616 million. Conversely, if Bitcoin breaks above $73,000, the cumulative short liquidation strength on major CEXs will reach 756 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 to nearby clusters, i.e., the intensity. Therefore, the chart shows how much impact the price reaching a certain level will have. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.