According to Coinglass data, Bitcoin dropping below $66,000 could lead to over $800 million in long liquidations, while surpassing $70,000 may trigger more than half a billion in short liquidations on major exchanges.
Coinglass data indicates that Bitcoin’s price crossing key thresholds could spark major liquidations on centralized exchanges. A decline below $66,000 might cause approximately $834 million in long positions to be liquidated, whereas a rise above $70,000 could result in about $572 million in short liquidations. The provided chart reflects the relative strength of potential liquidation clusters rather than exact contract values, highlighting areas of intense leverage risk for traders.