If Bitcoin breaks $66,000, mainstream CEX cumulative short liquidation intensity will reach $1.593 billion

BlockBeats News, February 25th, according to Coinglass data, if Bitcoin breaks through $66,000, the total short liquidation intensity of mainstream CEXs will reach $1.593 billion.

Conversely, if Bitcoin falls below $62,000, the total long liquidation intensity of mainstream CEXs will reach $717 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 show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain point. A higher "liquidation bar" indicates that the price will face a stronger reaction due to a liquidity cascade once it reaches that level.