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BlockBeats News, June 19th, according to Coinglass data, if Bitcoin breaks above $64,000, the cumulative short liquidation intensity on mainstream CEXs will reach $7.86 billion.
Conversely, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on mainstream CEXs will reach $6.55 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.
Therefore, the liquidation chart illustrates to what extent reaching a certain price level will have an impact. Higher "liquidation bars" indicate that the price reaching that level will generate a stronger response due to a liquidity cascade.
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