If Bitcoin breaks through $66,000 (66万 US dollars), the cumulative liquidation strength of short positions on major CEXs will reach 567 million.

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BlockBeats message: On July 11, according to Coinglass data, if Bitcoin breaks above $66k, the total liquidation intensity of shorts on major CEXs will reach 5.67 billion.

Conversely, if Bitcoin falls below $63k, the total liquidation intensity of longs on major CEXs will reach 4.82 billion.

BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of the contracts being liquidated. The columns on the liquidation chart actually indicate the relative importance of each liquidation cluster to the nearby liquidation clusters—i.e., the intensity.

Therefore, the liquidation chart shows how much impact the target price reaching a certain level will have. A higher “liquidation column” means that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.

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