ChainCatcher reported, citing Coinglass data, that BTC is positioned near two notable liquidation-intensity levels on major centralized exchanges. According to the data, if BTC drops below $60,592, the cumulative long liquidation intensity across major CEXs would reach $1.249 billion.
Liquidation intensity shown on both sides of BTC price
The same Coinglass data also outlines the corresponding pressure on the upside. If BTC breaks above $66,890, cumulative short liquidation intensity on major CEXs would reach $1.145 billion. Under the disclosed Coinglass figures, the lower level of $60,592 is associated with long positions, while the upper level of $66,890 is associated with short positions.
Liquidation intensity is used as a reference for the scale of derivatives positions that face forced liquidation when price reaches a specified level. The figures cited here come from Coinglass and cover major CEXs, with the main comparison focused on BTC moving below $60,592 or above $66,890 and the corresponding cumulative liquidation intensity for long and short positions.