According to data from Coinglass, as reported by ChainCatcher, Bitcoin has specified liquidation intensity readings at two price levels. If BTC drops to $61,658 or below, the cumulative long liquidation intensity across major centralized exchanges is projected to reach $1.403 billion. Conversely, if BTC climbs above $67,994, the cumulative short liquidation intensity is projected to reach $1.216 billion. The gap between the two projected figures is about $187 million, with long-side liquidation intensity larger than the short-side figure. In simple terms, the data quantifies the potential scale of forced position closures among long traders if the downside level is hit, and among short traders if the upside level is hit. Both figures are expressed in U.S. dollars and represent liquidation intensity, a metric that reflects the total notional value of positions that could be liquidated when a price threshold is crossed. The numbers come from Coinglass, and the information was flagged by ChainCatcher.
ChainCatcher reports that, according to Coinglass data, Bitcoin could see $1.403 billion in cumulative long liquidation intensity across major centralized exchanges if it falls below $61,658. On the flip side, if BTC breaks above $67,994, the cumulative short liquidation intensity would reach $1.216 billion.
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