ChainCatcher reported, citing Coinglass data, that BTC is currently associated with different liquidation-intensity levels in two price directions. If BTC falls below $61,186, the cumulative long liquidation intensity across mainstream centralized exchanges, or CEXs, will reach $955 million. Conversely, if BTC breaks above $66,994, the cumulative short liquidation intensity across mainstream CEXs will reach $711 million.
Long and short liquidation pressure is mapped to two BTC levels
The Coinglass figures focus on two BTC price points. The level below $61,186 corresponds to long-position liquidation intensity, showing the scale reference for concentrated long-side liquidation pressure on mainstream CEXs under that price condition. The level above $66,994 corresponds to short-position liquidation intensity, showing the scale reference for concentrated short-side liquidation pressure if BTC moves through that point.
Liquidation intensity is a commonly used derivatives-market risk metric. It is used to describe the estimated size of leveraged long or short positions facing forced liquidation when price reaches a specified zone. In this Coinglass data set, both directional figures are measured in hundreds of millions of dollars, with the long side at $955 million and the short side at $711 million.