Gate News reports that on March 15, according to Coinglass data, if Bitcoin’s price breaks above $73,000, the cumulative short liquidation strength on mainstream centralized exchanges will reach $429 million. Conversely, if Bitcoin’s price drops below $70,000, the cumulative long liquidation strength on mainstream centralized exchanges will reach $459 million.
It should be noted that the liquidation chart does not show the exact number or value of contracts pending liquidation, but rather the importance of each liquidation cluster relative to nearby clusters, i.e., liquidation strength. The chart reflects how much the market is affected when the underlying price reaches a certain level; higher liquidation bars indicate that when the price reaches that level, liquidity fluctuations will cause a stronger market reaction.
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