If Bitcoin falls below $64,000, the mainstream CEX long liquidation pressure will reach $898 million

BlockBeats News, February 13th, according to Coinglass data, if Bitcoin falls below $64,000, the cumulative long liquidation intensity of mainstream CEXs will reach $898 million.

On the contrary, if Bitcoin breaks through $69,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.417 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense reaction due to a liquidity cascade.