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If Bitcoin falls below $65k, the total liquidation strength of long positions on mainstream CEXs will reach $600 million.
ME News update, April 5 (UTC+8). According to Coinglass data, if Bitcoin falls below $65k, the liquidation strength of long positions accumulated on major CEXs will reach 600 million. Conversely, if Bitcoin breaks above $69k, the liquidation strength of short positions accumulated on major CEXs will reach 570 million. Note: The liquidation chart does not show the exact number of contracts awaiting liquidation, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show how important each liquidation cluster is relative to the nearby liquidation clusters—that is, the strength. Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that point, it will trigger a stronger reaction due to the liquidity wave. (Source: ChainCatcher)