If Bitcoin falls below $650,000, the liquidation intensity of long positions on major CEXs will reach 743 million.

BlockBeats message, March 29, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative liquidation intensity of long positions on major CEXs will reach 743 million.

On the contrary, if Bitcoin breaks above $68,000, the cumulative liquidation intensity of short positions on major CEXs will reach 621 million.

BlockBeats Note: The liquidation chart does not present the exact number of contracts to be liquidated, or the exact value of contracts that are liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the nearby liquidation clusters, i.e., the intensity.

Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher “liquidation bar” means that once the price reaches that level, it will trigger a much stronger reaction due to the liquidity wave.