If Bitcoin breaks through $77k, the total liquidation strength of mainstream CEX short positions will reach $1.17 billion.

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Mars Finance reported that, according to Coinglass data, if Bitcoin breaks through $77,000, the cumulative short liquidation strength on mainstream CEXs will reach 1.17 billion. Conversely, if Bitcoin falls below $73,000, the cumulative long liquidation strength on mainstream CEXs will reach 1.2777 billion. Note: The liquidation chart does not display the exact number of contracts pending liquidation, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters—i.e., the strength. Therefore, the liquidation chart shows the extent to which the underlying asset’s price will be affected when it reaches a certain level. A higher “liquidation bar” means that once the price reaches that point, it will trigger a more intense reaction due to liquidity waves.

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