If Bitcoin surpasses $65,000, the mainstream CEX's cumulative short liquidation pressure will reach $478 million.

BlockBeats News, August 2nd, according to Coinglass data, if Bitcoin breaks above $65,000, the cumulative short liquidation strength of mainstream CEXs will reach $478 million.

Conversely, if Bitcoin falls below $62,000, the cumulative long liquidation strength of mainstream CEXs will reach $330 million.

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 show the importance of each cluster of liquidations relative to neighboring clusters, i.e., strength.

Therefore, the liquidation chart shows to what extent reaching a certain price level will impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.