According to BlockBeats, data from Coinglass on July 17 indicates that significant liquidations could occur based on Bitcoin's price movements in major centralized exchanges (CEX). If Bitcoin's price rises above $68,000, it is estimated that $801 million in short positions will be liquidated.

Conversely, if Bitcoin's price falls to around $63,000, approximately $1.558 billion in long positions are expected to be liquidated. These potential liquidations highlight the volatility and risk associated with Bitcoin trading in the current market environment.