If Bitcoin breaks $64,000, the mainstream CEX's cumulative short liquidation pressure will reach $689 million.

BlockBeats News, July 9th, according to Coinglass data, if Bitcoin surpasses $64,000, the total short liquidation strength of mainstream CEXs will reach $689 million.

On the other hand, if Bitcoin falls below $62,000, the total long liquidation strength of mainstream CEXs will reach $267 million.

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

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