If Bitcoin drops below $65,000, the mainstream CEX long liquidation volume will reach 1.028 billion.

BlockBeats News, February 27th, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.028 billion.

Conversely, if Bitcoin surpasses $69,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.012 billion.

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 demonstrate the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.

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