BlockBeats News, July 13th, according to Coinglass data, if Bitcoin falls below $61,000, the cumulative long liquidation intensity on major CEXs will reach $501 million.

Conversely, if Bitcoin breaks above $65,000, the cumulative short liquidation intensity on major CEXs will reach $882 million.

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

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