On February 22, according to Coinglass data, if Bitcoin breaks through $70,000, the cumulative short liquidation strength on mainstream CEXs will reach 7.91 billion.
Conversely, if Bitcoin falls below $66,000, the cumulative long liquidation strength on mainstream CEXs will reach 7.78 billion.
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, or strength, of each liquidation cluster relative to nearby clusters.
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