BTC below $65,000 could trigger $1.028 billion in long liquidations on major centralized exchanges.

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On-chain data from Coinglass indicates that if Bitcoin falls below $65,000, long liquidations on major centralized exchanges could reach $1.028 billion. A move above $69,000 may trigger $1.012 billion in short liquidations. On-chain analysis suggests these levels are critical for market reactions, although exact contract values are not disclosed. Blockbeats reports that the data reflects potential clustering intensity at these price points.

BlockBeats news, on February 27, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation strength on major centralized exchanges will reach $1.028 billion.


Conversely, if Bitcoin breaks above $69,000, the cumulative liquidation strength of long positions on major CEXs will reach $1.012 billion.


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 strength or intensity of each liquidation cluster compared to its neighboring clusters.


Therefore, the liquidation chart shows how significantly 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.

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