BlockBeats News, June 9th, according to Coinglass data, if Bitcoin falls below $60,000, the cumulative long liquidation intensity of mainstream CEXs will reach $823 million.

Conversely, if Bitcoin surpasses $64,000, the cumulative short liquidation intensity of mainstream CEXs will reach $981 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the 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 reaching that level will trigger a stronger reaction due to a liquidity cascade.