If Bitcoin surpasses $66,000, the mainstream CEX cumulative short liquidation pressure will reach $771 million.

BlockBeats News, July 13th, according to Coinglass data, if Bitcoin breaks above $67,000, the cumulative short liquidation strength on major CEXs will reach $7.71 billion.

Conversely, if Bitcoin falls below $63,000, the cumulative long liquidation strength on major CEXs will reach $4.23 billion.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., strength.

Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.