ChainCatcher reported that, according to data from Coinglass, BTC has two clearly stated price conditions tied to liquidation intensity on major centralized exchanges. If BTC falls below $60,592, cumulative long liquidation intensity across major CEXs will reach $1.249 billion. The figure refers to the amount of long-side liquidation pressure associated with that specific downside price condition.
Two BTC Price Levels and Their Corresponding Liquidation Figures
The same Coinglass data also shows the opposite condition on the upside. If BTC breaks above $66,890, cumulative short liquidation intensity across major CEXs will reach $1.145 billion. In other words, the data compares two separate trigger levels: $60,592 on the downside for long positions, and $66,890 on the upside for short positions.
The information was published by ChainCatcher and attributed to Coinglass. Liquidation intensity data is used to describe how leveraged positions are distributed around specific price levels. This article only restates the price conditions, position directions and dollar amounts included in the reported data.