If Bitcoin drops below $67,000, the mainstream CEX long liquidation volume will reach $1.054 billion.

BlockBeats News, February 10th, according to Coinglass data, if Bitcoin falls below $67,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.054 billion.

Conversely, if Bitcoin surpasses $71,000, the cumulative short liquidation intensity of mainstream CEXs will reach $429 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to the adjacent liquidation cluster, 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 trigger a more intense response due to a liquidity cascade.