ChainCatcher message: According to Coinglass data, if Bitcoin drops below $66,000, the cumulative long liquidation strength on major centralized exchanges will reach 834 million. Conversely, if Bitcoin breaks above $70,000, the cumulative short liquidation strength on major centralized exchanges will reach 572 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when reaching a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves.
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