Coinglass data shows that if Bitcoin price falls below $67,000, the cumulative long order liquidation intensity on mainstream exchanges will reach 582 million. Conversely, if Bitcoin goes above $70,000, the cumulative short order liquidation intensity will reach 838 million. The liquidation chart highlights the strength of each liquidation cluster relative to others, indicating how much the underlying price will be affected when it hits a certain point.
A higher “liquidation bar” means the price will react more strongly to the liquidity wave later.
