ChainCatcher reported, citing Coinglass data, that BTC has two key price levels associated with liquidation intensity on major centralized exchanges. If BTC falls below $60,482, cumulative long liquidation intensity across major CEXs would reach $983 million. In the opposite direction, if BTC breaks above $66,422, cumulative short liquidation intensity on major CEXs would reach $694 million.
Liquidation intensity at $60,482 and $66,422
The figures describe concentrated liquidation pressure for long and short positions at different price levels. A move below $60,482 relates to long positions, while a move above $66,422 relates to short positions. Both figures come from Coinglass data covering major centralized trading platforms.
By comparison, the $983 million long-side liquidation intensity is higher than the $694 million short-side figure. The data shows the distribution of liquidation intensity if the stated levels are reached; it does not state that BTC has already reached those prices, nor does it equal the amount of liquidations already completed.