Bitcoin faces a large liquidation zone on major CEXs (centralized exchanges), with Coinglass data indicating that a rise above $67,435 would put cumulative short liquidation intensity at $1.287 billion. A fall below $61,231 would expose cumulative long liquidation intensity of $1.113 billion. The figures point to heavy leveraged positioning on both sides of the market, where sharp price moves can force traders out of positions and amplify volatility.