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$840 Million in Short Liquidations Could Be Triggered if Bitcoin Breaks $66K

Bitcoin's price dip below $63,000 could lead to over $1 billion in long liquidations, while surpassing $67,000 may trigger $686 million in short liquidations, according to Coinglass data.

BTC

Summary

Coinglass data as of Feb. 25 shows that if Bitcoin falls below $63,000, approximately $1.054 billion in long positions could be liquidated across major centralized exchanges. Conversely, a price increase above $67,000 may trigger about $686 million in short liquidations. These amounts represent potential liquidation intensity rather than exact contract volumes, as highlighted by BlockBeats.

Terms & Concepts
  • Long Liquidation: The forced closure of long positions when the asset's price falls below a certain threshold, resulting in a loss for the holder.
  • Short Liquidation: The forced closure of short positions when the asset's price rises above a certain threshold, resulting in a loss for the holder.
  • CEX: Centralized exchanges where cryptocurrency transactions are facilitated by third-party intermediaries.