If Bitcoin drops below $60,000, the mainstream CEX's aggregated long liquidation volume will reach $1.064 billion.

BlockBeats News, June 10th, according to Coinglass data, if Bitcoin drops below $60,000, the total long liquidation strength of mainstream CEXs will reach $10.64 billion.

Conversely, if Bitcoin surpasses $63,000, the total short liquidation strength of mainstream CEXs will reach $12.43 billion.

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

Therefore, the liquidation chart shows to what extent the asset's price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.