If Bitcoin surpasses $80,000, the mainstream CEX aggregate short liquidation pressure will reach $619 million.

BlockBeats News, August 30th, according to Coinglass data, if Bitcoin surpasses $80,000, the total liquidation strength of mainstream CEX short positions will reach $619 million.

Conversely, if Bitcoin falls below $76,000, the total liquidation strength of mainstream CEX long positions will reach $661 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 neighboring clusters, i.e., strength.

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 will experience a stronger reaction due to a liquidity cascade once it reaches that level.