If Bitcoin breaks through $65k, the cumulative short liquidation intensity on major CEXs will reach 651 million.

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BlockBeats news, July 4, according to Coinglass data, if Bitcoin breaks through $65k, the cumulative short liquidation intensity on major CEXs will reach $651 million.

Conversely, if Bitcoin falls below $61k, the cumulative long liquidation intensity on major CEXs will reach $678 million.

BlockBeats note: The liquidation chart does not display the precise number of contracts to be liquidated, nor the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to its neighboring clusters, i.e., intensity.

Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates a stronger reaction due to the liquidity wave when the price reaches that level.

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