BTC below $73,000 could trigger $538M in long liquidations on major centralized exchanges.

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On-chain data from Coinglass indicates that if the BTC price falls below $73,000, long liquidations on major CEXs could reach $538 million. A move above $77,000 may trigger $607 million in short liquidations. Blockbeats reports that the liquidation chart reflects cluster intensity rather than exact values, highlighting potential market reactions at key BTC price levels.

BlockBeats news, on April 19, according to Coinglass data, if Bitcoin falls below $73,000, the cumulative long liquidation intensity on major CEXs will reach $538 million.


Conversely, if Bitcoin breaks above $77,000, the cumulative liquidation strength of long positions on major CEXs will reach $607 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 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.

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