BTC Breaks $67,000, Could Trigger $1.099B in Short Liquidations on Major CEXs

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On July 24, the BTC price surged above $67,000, potentially triggering $1.099 billion in short liquidations across major centralized exchanges, according to Coinglass data. BTC dominance remains under pressure if the price falls below $63,000, where long liquidations could reach $1.34 billion. Blockbeats notes that liquidation charts illustrate cluster intensity rather than exact values, highlighting key price levels likely to trigger market reactions.

BlockBeats news, on July 24, according to Coinglass data, if Bitcoin breaks above $67,000, the cumulative liquidation strength of long positions on major CEXs will reach $1.099 billion.


Conversely, if Bitcoin falls below $63,000, the cumulative long liquidation pressure on major CEXs will reach $1.34 billion.


BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows how significantly the price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity when it arrives.

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