According to ChainCatcher, according to Coinglass data, fluctuations in Bitcoin prices in key ranges may trigger violent market reactions. If Bitcoin falls below $61,000, the long order liquidation intensity of mainstream CEX will reach $653 million; on the contrary, if Bitcoin breaks through $64,000, the short order liquidation intensity will reach $848 million.

It should be noted that the liquidation chart does not show the exact number or value of contracts to be liquidated, but shows the relative importance of each liquidation cluster through a bar chart. A higher "liquidation column" means that when the price reaches this position, the market will react more strongly to the liquidity wave. This data analysis helps investors understand the potential volatility risks in the market.