Gate News message, on April 3, according to Coinglass data, if the Bitcoin price falls below $65k, the cumulative liquidation strength of long positions on major CEXs will reach $65k; conversely, if the Bitcoin price breaks above $68k, the cumulative liquidation strength of short positions on major CEXs will reach $754 million. It should be noted that the liquidation chart does not show the exact number or value of contracts to be liquidated, but rather the importance (i.e., strength) of each liquidation cluster relative to the nearby liquidation clusters. The liquidation chart reflects the degree of impact when the reference price reaches a certain level; a higher liquidation bar means that after the price touches that level, it will trigger a stronger market reaction due to liquidity fluctuations.
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