ChainCatcher reported that, according to data from Coinglass, BTC is approaching two price levels associated with sizable liquidation intensity across major centralized exchanges. If BTC falls below $60,927, the cumulative long liquidation intensity on major CEXs will reach $1.049 billion. This figure refers to the aggregated liquidation pressure tied to long leveraged positions under that price condition.
Liquidation intensity levels on both sides of BTC price
On the upside, Coinglass data shows that if BTC breaks above $67,131, the cumulative short liquidation intensity on major CEXs will reach $1.001 billion. In other words, the liquidation intensity associated with short positions above that level is close to the long-side figure below $60,927, with the two readings standing at $1.001 billion and $1.049 billion respectively.
CEX generally refers to centralized exchanges. The liquidation intensity data published by Coinglass is used to show how leveraged long and short positions are distributed under different price conditions on major CEXs. In this update, $60,927 and $67,131 are the two BTC price points cited for the downside and upside scenarios.