Gate News reports that on March 19, according to Coinglass data, if Bitcoin’s price drops below $68,000, the cumulative long liquidation strength on major centralized exchanges (CEX) will reach $608 million. Conversely, if Bitcoin’s price breaks above $72,000, the cumulative short liquidation strength on major CEXs will reach $856 million.
It is important to note that the liquidation chart does not show the exact number or value of contracts pending liquidation, but rather the significance of each liquidation cluster relative to nearby clusters, i.e., liquidation strength. The chart reflects how much the market is affected when the underlying price reaches a certain level. Higher liquidation bars indicate that when the price hits that level, liquidity fluctuations will cause a stronger market reaction.
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