BlockBeats News, July 19th, according to Coinglass data, if Bitcoin breaks above $66,000, the total liquidation strength of mainstream CEX short positions will reach $523 million.

Conversely, if Bitcoin drops below $63,000, the total liquidation strength of mainstream CEX long positions will reach $658 million.

BlockBeats Note: The liquidation graph does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation graph actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., the strength.

Therefore, the liquidation graph shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that when the price reaches that level, a stronger reaction will occur due to a liquidity cascade.