If Bitcoin drops below $68,000, the cumulative long liquidation pressure on major CEXs will reach $6.08 billion

BlockBeats News, March 19th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation strength of mainstream CEX will reach 608 million.

On the other hand, if Bitcoin surpasses $72,000, the cumulative short liquidation strength of mainstream CEX will reach 856 million.

BlockBeats Note: The liquidation chart does not precisely display the number of contracts awaiting liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent 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 once the price reaches that level, a more intense reaction will occur due to a liquidity cascade.