If bitcoin breaks through $62,000, the cumulative short liquidation intensity on major CEXs will reach $442 million.

BlockBeats News, July 1, according to Coinglass data, if Bitcoin breaks through $62,000, the total short liquidation intensity on major CEXs will reach 442 million.

Conversely, if Bitcoin falls below $58,000, the total long liquidation intensity on major CEXs will reach 818 million.

BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart represent the relative importance, or intensity, of each liquidation cluster compared to neighboring ones.

Therefore, the liquidation chart displays the extent to which the underlying price reaching a certain level will be impacted. A higher “liquidation bar” indicates that, once the price reaches this level, there will be a stronger reaction due to a wave of liquidity.