If Bitcoin breaks through $68,000, the total liquidation strength of mainstream CEX short positions will reach 426 million
According to Coinglass data, if Bitcoin breaks through $68,000, the total liquidation strength of short positions on mainstream CEX will reach 426 million; conversely, if Bitcoin falls below $66,000, the total liquidation strength of long positions on mainstream CEX will reach 1.308 billion.
Note: The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts that have been liquidated. The bars on the chart actually represent the importance of each liquidation cluster relative to nearby clusters - in other words, their strength. Therefore, what is shown by a liquidation chart is how much impact there would be when prices hit certain levels. Higher "liquidation bars" indicate that reaching those price points could trigger more intense reactions due to liquidity waves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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