If Bitcoin falls below $67,000, the mainstream CEX's cumulative long liquidation amount will reach $776 million.

BlockBeats News, June 2nd, according to Coinglass data, if Bitcoin falls below $67,000, the total long liquidation strength of mainstream CEXs will reach $776 million.

Conversely, if Bitcoin surpasses $71,000, the total short liquidation strength of mainstream CEXs will reach $903 million.

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

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense reaction due to a liquidity cascade.