Data: If Bitcoin breaks through $64,000, the total liquidation strength of mainstream CEX short positions will reach 401 million

ChainCatcher message, according to Coinglass data, if Bitcoin breaks through $64,000, the total liquidation strength of short positions on mainstream CEX will reach 401 million;

Conversely, if Bitcoin falls below $61,000, the total liquidation strength of long positions on mainstream CEX will reach 335 million.

The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts being liquidated. The bars on the chart actually represent the importance of each liquidation cluster relative to nearby clusters - that is their "strength". Therefore, what a liquidation chart shows is how much impact there would be when an underlying asset price reaches a certain level. A higher "liquidation bar" indicates that once prices hit this level it could trigger more intense reactions due to liquidity waves.