ME News reports that, as of August 2 (UTC+8), according to Coinglass data, if Bitcoin breaks above $65,000, the cumulative liquidation intensity of long positions on major CEXs will reach $478 million. Conversely, if Bitcoin drops below $62,000, the cumulative liquidation intensity of short positions on major CEXs will reach $330 million. BlockBeats note: Liquidation charts do not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the chart represent the relative intensity of each liquidation cluster compared to neighboring clusters. Thus, the liquidation chart shows how strongly the market will react when the price reaches a certain level. Higher “liquidation bars” indicate that price movement to that level will trigger a more intense reaction due to liquidity surges. (Source: BlockBeats)
BTC Breaks $65,000, Could Trigger $478M in Short Liquidations on Major CEXs
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Summary
A BTC price reaching $65,000 could trigger $478 million in short liquidations across major CEXs, according to MetaEra. If BTC drops below $62,000, long positions worth $330 million may be liquidated. BlockBeats notes that the chart reflects cluster intensity, not exact figures. BTC dominance remains a key metric as price action approaches critical levels.
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