If Bitcoin drops below $66,000, the mainstream CEX long liquidation volume will reach $607 million.

BlockBeats News, March 27th, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEX will reach $607 million.

Conversely, if Bitcoin surpasses $69,000, the cumulative short liquidation intensity of mainstream CEX will reach $638 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 indicate the importance of each liquidation cluster relative to neighboring liquidation 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 cascade.