BlockBeats News, July 24th, according to Coinglass data, if Bitcoin breaks above $67,000, the cumulative short liquidation intensity on major CEXs will reach $1.099 billion.

Conversely, if Bitcoin falls below $63,000, the cumulative long liquidation intensity on major CEXs will reach $1.34 billion.

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

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more pronounced reaction due to a liquidity cascade once it reaches that level.