According to Coinglass, Bitcoin movements beyond $66,000 or $70,000 could cause nearly $1.57 billion in long and short liquidations, emphasizing increased leverage and market volatility risk.
On February 22, Coinglass data showed updated Bitcoin liquidation thresholds on major centralized exchanges. If Bitcoin surpasses $70,000, short position liquidations could total $791 million. Conversely, a drop below $66,000 may trigger $778 million in long liquidations. These figures indicate heightened leverage in the market and potential for significant volatility should Bitcoin move sharply beyond these levels.