If Bitcoin surpasses $67,000, the mainstream CEX's cumulative short liquidation volume will reach $771 million

BlockBeats News, July 13th, according to Coinglass data, if Bitcoin surpasses $67,000, the total short liquidation strength on major CEXs will reach $7.71 billion.

Conversely, if Bitcoin falls below $63,000, the total long liquidation strength on major CEXs will reach $4.23 billion.

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

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that the price will experience a more intense reaction due to a liquidity cascade once it reaches that level.