If Bitcoin drops below $66,000, the mainstream CEX long liquidation volume will reach $834 million.

BlockBeats News, February 17th, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEX will reach $834 million.

On the other hand, if Bitcoin breaks through $70,000, the cumulative short liquidation intensity of mainstream CEX will reach $572 million.

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