If Bitcoin drops below $65,000, the mainstream CEX long liquidation pressure will reach $743 mill...

BlockBeats News, March 29th, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation strength of mainstream CEX will reach $743 million.Conversely, if Bitcoin exceeds $68,000, the cumulative short liquidation strength of mainstream CEX will reach $621 million.BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., 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 experience a stronger reaction due to a liquidity cascade once it reaches that level.