ChainCatcher reported, citing data from Coinglass, that if BTC falls below $60,592, cumulative long liquidation intensity across major centralized exchanges would reach $1.249 billion. The figure is tied to a specific price condition and describes the concentration of long-position liquidation pressure on major CEXs around that level.
Liquidation pressure is mapped on both sides of the BTC price range
The same Coinglass data also shows the opposite scenario. If BTC breaks above $66,890, cumulative short liquidation intensity on major CEXs would reach $1.145 billion. In this context, $60,592 and $66,890 mark the two referenced price levels for observing long-side and short-side liquidation intensity respectively.
Liquidation intensity is commonly used to track how leveraged positions are clustered across price levels. It is not the same as an amount of liquidation that has already occurred. The reported figures come from Coinglass and were published by ChainCatcher, with the update focused specifically on BTC liquidation distribution around the two stated price thresholds.