ChainCatcher reported, citing Coinglass data, that BTC is currently associated with two key liquidation-intensity levels across mainstream CEXs. The upper level listed in the data is $65,856. If BTC breaks above that price, cumulative short liquidation intensity on mainstream centralized exchanges will reach $1.724 billion.
The lower level listed is $59,804. If BTC falls below that price, cumulative long liquidation intensity on mainstream CEXs will reach $965 million. The two figures correspond to liquidation pressure on short and long leveraged positions when the relevant price levels are reached.
In this context, BTC refers to Bitcoin, while CEX refers to centralized exchanges. The report provides only the two stated trigger prices—$65,856 and $59,804—and the two corresponding cumulative liquidation-intensity figures of $1.724 billion and $965 million.