If Bitcoin surpasses $65,000, the mainstream CEX's cumulative short liquidation pressure will reach $478 million.

August 2nd, according to Coinglass data, if Bitcoin breaks above $65,000, the cumulative short liquidation intensity on mainstream CEXs will reach $478 million.

Conversely, if Bitcoin drops below $62,000, the cumulative long liquidation intensity on mainstream CEXs will reach $330 million.

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 price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.