ChainCatcher reported, citing Coinglass data, that BTC is facing two key price levels associated with different liquidation intensity figures across major centralized exchanges. If BTC breaks above $65,864, cumulative short liquidation intensity on major CEXs will reach $2.093 billion.
Two BTC Levels for Long and Short Liquidation Intensity
The same Coinglass data shows the opposite side of the range as well. If BTC falls below $59,834, cumulative long liquidation intensity on major CEXs will reach $704 million. These two figures correspond to short-side liquidation pressure in an upside breakout scenario and long-side liquidation pressure in a downside break scenario.
The data was sourced from Coinglass and reported by ChainCatcher under market analysis. The figures focus specifically on BTC at the $65,864 and $59,834 levels, with the exchange scope described as major CEXs.