If Bitcoin surpasses $65,000, the mainstream CEX cumulative short liquidation intensity will reach $244 million.

BlockBeats News, August 16th, according to Coinglass data, if Bitcoin breaks above $65,000, the cumulative short liquidation intensity of mainstream CEXs will reach $244 million.

Conversely, if Bitcoin falls below $61,000, the cumulative long liquidation intensity of mainstream CEXs will reach $253 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 neighboring liquidation clusters, i.e., 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.