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If Bitcoin drops below $62,000, the mainstream CEX long liquidation volume will reach 665 million.

If Bitcoin drops below $62,000, the mainstream CEX long liquidation volume will reach 665 million.

BlockBeatsBlockBeats2026/02/24 02:19

BlockBeats News, February 24th, according to Coinglass data, if Bitcoin falls below $62,000, the cumulative long liquidation strength of mainstream CEXs will reach $665 million.


On the other hand, if Bitcoin surpasses $66,000, the cumulative short liquidation strength of mainstream CEXs will reach $840 million.


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


Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a stronger reaction due to a liquidity cascade when it reaches that point.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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