If BTC breaks through $60,000, the cumulative short order liquidation amount of mainstream CEX will reach 7.32 billion.

According to Coinglass data, if BTC rises above $60,000, the cumulative short order liquidation intensity of mainstream CEX will reach 7.32 billion.
On the contrary, if BTC falls below $56,000, the cumulative long order liquidation intensity of mainstream CEX will reach 12.03 billion.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance, or strength, of each liquidation cluster relative to the adjacent liquidation clusters.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher 'liquidation pillar' indicates that there will be a more intense reaction due to the Liquidity wave after the price reaches this point.