If Bitcoin surpasses $66,000, the mainstream CEX cumulative short liquidation pressure will reach $477 million.

BlockBeats News, July 26th, according to Coinglass data, if Bitcoin breaks above $66,000, the cumulative short liquidation intensity on major CEXs will reach $477 million.

Conversely, if Bitcoin drops below $63,000, the cumulative long liquidation intensity on major CEXs will reach $429 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 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 price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will have a more intense reaction due to a liquidity cascade.