If Bitcoin falls below $64,000, the mainstream CEX's cumulative long liquidation pressure will reach $984 million.

BlockBeats News, June 16th, according to Coinglass data, if Bitcoin falls below $64,000, the cumulative long liquidation intensity of mainstream CEX will reach $984 million.

Conversely, if Bitcoin surpasses $68,000, the cumulative short liquidation intensity of mainstream CEX will reach $991 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade.