February 22: Coinglass data shows that if Bitcoin breaks above $70,000, cumulative short liquidation intensity across major centralized exchanges (CEXs) will reach $7.91 billion. Conversely, a drop below $66,000 would trigger $7.78 billion in cumulative long liquidation intensity on major CEXs. BlockBeats Note: Liquidation charts do not show the exact number or value of contracts being liquidated. The bars instead represent the relative importance of each liquidation cluster compared to adjacent clusters — meaning “intensity.” In short, the chart indicates how strongly the underlying asset’s price will react when it hits a specific level: a taller bar signals a more intense price response due to a liquidity cascade at that point.
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