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If Bitcoin breaks through $77k, the total liquidation strength of long positions on mainstream centralized exchanges (CEX) will reach 77k.
Mars Finance reports that, according to Coinglass data, if Bitcoin breaks through $77k, the cumulative short liquidation strength on mainstream CEXs will reach 1.086 billion. Conversely, if Bitcoin falls below $73k, the cumulative long liquidation strength on mainstream CEXs will reach 1.512 billion. Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the precise value of the contracts being liquidated. The bars on the liquidation chart actually show how important each liquidation cluster is relative to nearby clusters—that is, the strength. Therefore, the liquidation chart shows how much impact the target price reaching a certain level will have. A higher “liquidation bar” indicates that once the price reaches that level, it will produce a stronger reaction due to liquidity waves.