BlockBeats news, on June 16, according to Coinglass data, if Bitcoin falls below $64,000, the cumulative long liquidation intensity on major centralized exchanges will reach $984 million.
Conversely, if Bitcoin breaks above $68,000, the cumulative liquidation strength of long positions on major CEXs will reach $991 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart represent the relative importance, or intensity, of each liquidation cluster compared to nearby clusters.
Therefore, the liquidation chart shows how much the price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity once it reaches that level.