If Bitcoin drops below $65,000, the mainstream CEX long liquidation volume will reach 675 million.

BlockBeats News, February 12, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation strength of mainstream CEXs will reach $675 million.

On the other hand, if Bitcoin surpasses $69,000, the cumulative short liquidation strength of mainstream CEXs will reach $905 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 importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the strength.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade once it reaches that level.