BlockBeats News, July 11th, according to Coinglass data, if Bitcoin breaks above $66,000, the total liquidation strength of mainstream CEX short positions will reach $567 million.

Conversely, if Bitcoin drops below $63,000, the total liquidation strength of mainstream CEX long positions will reach $482 million.

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

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, when reached, will have a more intense reaction due to a liquidity cascade.