If Bitcoin breaks through $69,000, the total liquidation strength of mainstream CEX short positions will reach 965 million.

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On February 27, according to Coinglass data, if Bitcoin breaks above $69,000, the cumulative short liquidation strength on mainstream CEXs will reach $965 million. Conversely, if Bitcoin falls below $66,000, the cumulative long liquidation strength on mainstream CEXs will be $541 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when it reaches certain levels. Higher “liquidation bars” indicate that the price will react more strongly due to liquidity waves once those levels are reached.

BTC-2.47%
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