If Bitcoin falls below $66,000, the mainstream CEX cumulative long liquidation intensity will reach $538 million

BlockBeats News, February 10th, according to Coinglass data, if Bitcoin falls below $66,000, the total long liquidation intensity on mainstream CEXs will reach $538 million.

Conversely, if Bitcoin surpasses $70,000, the total short liquidation intensity on mainstream CEXs will reach $449 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring clusters, 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 once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.