If Bitcoin falls below $62,000, the mainstream CEX's aggregated long liquidation volume will reach $803 million.

August 15th, according to Coinglass data, if Bitcoin falls below $62,000, the total long liquidation strength of mainstream CEXs will reach $803 million.

Conversely, if Bitcoin surpasses $64,000, the total short liquidation strength of mainstream CEXs will reach $888 million.

Note: The liquidation chart does not display 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 show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.

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 stronger reaction due to a liquidity cascade once it reaches that level.