According to Coinglass data, if Bitcoin falls below $66,000, the cumulative liquidation strength of long positions on major CEXs will reach $1.12 billion;
Conversely, if Bitcoin breaks through $68,000, the cumulative liquidation strength of short positions on major CEXs will reach $576 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart show the relative importance of each liquidation cluster to the nearby liquidation cluster, that is, the strength. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. The higher the "liquidation bar", the more intense the reaction will be due to the liquidity wave when the price reaches that level.
