Coinglass data highlights potential billions in long and short liquidations on centralized exchanges if Bitcoin falls below $66,000 or rises above $70,000, indicating extreme leverage exposure.
Coinglass reports that a drop in Bitcoin’s price below $66,000 could lead to $9.57 billion in long liquidations on major centralized exchanges, while a surge above $70,000 might trigger $9.89 billion in short liquidations. The figures represent liquidation intensity rather than exact contract values, underscoring significant leverage concentration that could amplify volatility if these thresholds are breached.