On February 25, according to Coinglass data, if Bitcoin breaks above $66,000, the total liquidation strength of mainstream CEX short positions will reach 1.593 billion. Conversely, if Bitcoin drops below $62,000, the total liquidation strength of mainstream CEX long positions will reach 717 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 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 it reaches a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves.
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If Bitcoin breaks through $66,000, the total liquidation strength of mainstream CEX short positions will reach 1.593 billion.
On February 25, according to Coinglass data, if Bitcoin breaks above $66,000, the total liquidation strength of mainstream CEX short positions will reach 1.593 billion. Conversely, if Bitcoin drops below $62,000, the total liquidation strength of mainstream CEX long positions will reach 717 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 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 it reaches a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves.