BlockBeats News, July 14th, according to Coinglass data, if Bitcoin breaks through $65,000, the cumulative short liquidation pressure on major CEXs will reach $1.019 billion.

Conversely, if Bitcoin falls below $61,000, the cumulative long liquidation pressure on major CEXs will reach $1.109 billion.

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

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 will have a more intense reaction due to a liquidity cascade once it reaches that point.