BlockBeats News, February 20 — According to Coinglass data, if Bitcoin breaks above $70,000, the cumulative short liquidation strength on major CEXs will reach 606 million.
Conversely, if Bitcoin falls below $66,000, the cumulative long liquidation strength on major CEXs will reach 771 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 relative importance of each cluster of liquidations compared to nearby clusters—that is, 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 reaches that level, it will trigger a stronger reaction due to liquidity waves.
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