ChainCatcher reported, citing Coinglass data, that if BTC rises above $65,864, the cumulative short liquidation intensity across major centralized exchanges, or CEXs, would reach $2.093 billion. The figure refers to the concentration of short positions that would face liquidation pressure on major CEX platforms if that price level is reached.
Liquidation intensity at the upper and lower BTC levels
The same Coinglass data shows that if BTC falls below $59,834, cumulative long liquidation intensity across major CEXs would reach $704 million. Based on the two disclosed levels, the short-side liquidation intensity linked to $65,864 is higher than the long-side liquidation intensity linked to $59,834.
Liquidation intensity data is commonly used to observe where leveraged positions are concentrated around specific price levels. The figures reported here only refer to the cumulative liquidation intensity on major CEXs around the two stated BTC trigger levels, and they are not the same as liquidation amounts that have already occurred.