If Bitcoin drops below $68,000, the cumulative long liquidation pressure on major CEXs will reach $6.08 billion

As of March 19, Coinglass data shows mainstream centralized exchanges (CEXs) would face cumulative long position liquidation strength of $608 million if Bitcoin drops below $68,000. Conversely, if Bitcoin climbs above $72,000, these CEXs would see cumulative short position liquidation strength reach $856 million. BlockBeats Note: Liquidation charts do not precisely display the number of pending liquidation contracts or the exact value of liquidated contracts. Instead, the bars on these charts represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "strength." Accordingly, liquidation charts illustrate how impactful Bitcoin reaching a specific price level will be: higher bars signal a more intense market reaction due to a liquidity cascade once the price hits that threshold.