Coinglass data suggests that if Bitcoin falls below $68,000, mainstream CEXs will experience a cumulative long order liquidation intensity of 580 million. On the other hand, if Bitcoin exceeds $70,000, mainstream CEXs will experience an 873 mill
ion cumulative short order liquidation intensity. This means that the underlying price will be strongly affected when it reaches a certain position, and a higher “liquidation bar” indicates a stronger price reaction to the liquidity wave later.
