Gate News reports that on March 21, according to Coinglass data, if Bitcoin’s price breaks above $73,000, the total liquidation strength of major CEX short positions will reach $834 million. Conversely, if Bitcoin falls below $69,000, the total liquidation strength of major CEX long positions will reach $940 million. It is important to note that the liquidation chart does not display the exact number or value of contracts to be liquidated but rather shows the significance (i.e., strength) of each liquidation cluster relative to nearby clusters. Higher liquidation bars indicate that when the price reaches that level, market reactions will be more intense due to liquidity fluctuations.
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