If Bitcoin drops below $66,000, the mainstream CEX long liquidation pressure will reach $514 million.

BlockBeats News, March 8th, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation strength of mainstream CEXs will reach $514 million.

On the other hand, if Bitcoin surpasses $69,000, the cumulative short liquidation strength of mainstream CEXs will reach $794 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 neighboring liquidation clusters, i.e., strength.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that the price will face a stronger reaction due to a liquidity cascade once it reaches that level.