BTC Breaks $67,000, Could Trigger $412M in Short Liquidations on Major CEXs

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On-chain data shows that a BTC price above $67,000 could trigger $412M in short liquidations across major CEXs. If BTC price falls below $63,000, long liquidations could reach $413M. Figures are sourced from Coinglass, with liquidation intensity indicating cluster significance rather than exact contract values.

BlockBeats news, on August 9, according to Coinglass data, if Bitcoin breaks above $67,000, the cumulative liquidation strength of long positions on major CEXs will reach $412 million.


Conversely, if Bitcoin falls below $63,000, the cumulative long liquidation pressure on major CEXs will reach $413 million.


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 strength or intensity of each liquidation cluster compared to its neighboring clusters.


Therefore, the liquidation chart shows how much 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 once it reaches that level.

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