According to Coinglass data cited by ChainCatcher, if Bitcoin (BTC) falls below the key support level of $61,345, the cumulative long liquidation intensity on major centralized exchanges (CEXs) will reach $1.45 billion. This metric indicates the total size of long positions that could face forced liquidation at that price, quantifying potential downside risk.
Conversely, if BTC surges past $67,737, the cumulative short liquidation intensity will reach $933 million. These two thresholds serve as crucial reference points for traders assessing market volatility and cascade risks, helping them prepare for potential liquidity shocks during extreme moves.
Liquidation intensity is calculated based on current open interest and leverage levels, covering top CEXs such as Binance and OKX. Coinglass's real-time data provides timely insights for risk management.