ChainCatcher reported, citing Coinglass data, that BTC has notable liquidation intensity levels on both sides of the current trading range. If BTC drops below $60,258, cumulative long liquidation intensity on major centralized exchanges would reach $1.469 billion. In the opposite direction, if BTC breaks above $66,234, cumulative short liquidation intensity on major CEXs would reach $926 million.
The figures refer to derivatives positions tracked across major centralized exchanges. The downside level corresponds to long positions facing liquidation pressure if the price moves lower, while the upside level corresponds to short positions facing liquidation pressure if the price moves higher. Liquidation intensity is commonly used to observe how leveraged positions are distributed around specific price levels.
Based on the disclosed Coinglass data, the cumulative long liquidation intensity below $60,258 is larger than the cumulative short liquidation intensity above $66,234. The figures only reflect the liquidation intensity distribution for major CEXs covered by Coinglass, and actual liquidation events depend on whether BTC reaches the stated price levels.