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If Bitcoin breaks $66k, the liquidation strength of short positions accumulated on major CEXs will reach 771 million.
BlockBeats News: On July 13, according to Coinglass data, if Bitcoin breaks above $67k, the total liquidation intensity of shorts on major CEXs will reach $771 million.
Conversely, if Bitcoin falls below $63k, the total liquidation intensity of longs on major CEXs will reach $423 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact contract value being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters—i.e., the intensity.
Therefore, the liquidation chart shows how much a target price reaching a certain level will be affected. A higher “liquidation column” means that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.