BlockBeats News, February 27 — According to Coinglass data, if Bitcoin drops below $65,000, the total liquidation strength of long positions on major centralized exchanges (CEX) will reach 1.028 billion.
Conversely, if Bitcoin breaks above $69,000, the total liquidation strength of short positions on major CEXs will reach 1.012 billion.
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 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 the price reaching a certain level will have. Higher “liquidation bars” indicate that once the price hits that level, there will be a stronger reaction due to liquidity waves.
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