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If Bitcoin falls below $61k, the cumulative liquidation strength of long positions on mainstream CEXs will reach 501 million.
BlockBeats message: On July 13, according to Coinglass data, if Bitcoin falls below $61,000, the cumulative liquidation long-position intensity on major CEXs will reach 501 million.
On the contrary, if Bitcoin breaks above $65,000, the cumulative liquidation short-position intensity on major CEXs will reach 882 million.
BlockBeats Note: The liquidation chart is not intended to show the exact number of contracts awaiting liquidation, or the exact value of the contracts being liquidated. The bars 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 bar” means that once the price reaches that level, it will trigger a more intense reaction due to liquidity waves.