If Bitcoin Falls Below $67,000, CEX Cumulative Long Liquidation Intensity Will Reach $776 Million

On June 2, according to Coinglass data, if Bitcoin falls below $67,000, the cumulative long liquidation intensity on major CEXs will reach $776 million. Conversely, if Bitcoin breaks above $71,000, the cumulative short liquidation intensity on major CEXs will reach $903 million. Note from BlockBeats: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price reaches that level, there will be a stronger reaction due to liquidity waves.