If Bitcoin falls below $74,000, the mainstream CEX long liquidation pressure will reach 533 million.

BlockBeats News, April 7th, according to Coinglass data, if Bitcoin drops below $74,000, the cumulative long liquidation strength of mainstream CEX will reach 533 million.

Conversely, if Bitcoin surpasses $78,000, the cumulative short liquidation strength of mainstream CEX will reach 600 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.