BTC below $68,000 could trigger $608M in long liquidations on major centralized exchanges.

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On-chain data from Coinglass shows that if the BTC price falls below $68,000, long liquidations on major CEXs could reach $608 million. A rise above $72,000 may trigger $856 million in short liquidations. The report notes that the liquidation chart reflects cluster intensity, not exact contract values.

BlockBeats news, on March 19, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation pressure on major CEXs will reach $608 million.


Conversely, if Bitcoin breaks above $72,000, the cumulative liquidation strength of long positions on major CEXs will reach $856 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 strength or intensity of each liquidation cluster compared to 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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