If Bitcoin falls below $70,000, the cumulative long liquidation intensity on mainstream CEXs will reach $622 million.

BlockBeats news, November 13th, according to Coinglass data, if Bitcoin falls below $70,000, the cumulative long liquidation intensity of mainstream CEXs will reach $622 million.

Conversely, if Bitcoin breaks above $73,000, the cumulative short liquidation intensity of mainstream CEXs will reach $838 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 show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, there will be a stronger reaction due to the liquidity wave.

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If Bitcoin falls below $70,000, the cumulative long liquidation intensity on mainstream CEXs will reach $622 million.

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