BlockBeats News, July 3rd, according to Coinglass data, if Bitcoin breaks through $63,000, the total short liquidation strength of mainstream CEXs will reach $657 million.

Conversely, if Bitcoin falls below $61,000, the total long liquidation strength of mainstream CEXs will reach $526 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 importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., 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 will have a more intense reaction due to a liquidity cascade once it reaches that level.