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If Bitcoin Falls Below $66,000, CEX Cumulative Long Liquidation Intensity Will Reach $607 Million
On March 27, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation intensity on major centralized exchanges (CEX) will reach $607 million. Conversely, if Bitcoin breaks above $69,000, the cumulative short liquidation intensity on major CEX will reach $638 million. Note from BlockBeats: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher ‘liquidation bar’ indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.