ChainCatcher reports that, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation strength on major CEXs will reach 957 million. Conversely, if Bitcoin breaks above $70,000, the cumulative short liquidation strength on major CEXs will reach 989 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 importance of each liquidation cluster relative to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when reaching a certain level. Higher “liquidation bars” indicate that the price will react more strongly due to liquidity waves once reached.
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