Coinglass data suggests Bitcoin price movements below $63,000 or above $67,000 could result in over $1.7 billion in liquidations on centralized exchanges.
On Feb. 25, Coinglass data indicated that Bitcoin price swings could lead to large-scale liquidations on centralized exchanges. If Bitcoin falls below $63,000, approximately $1.054 billion in long positions could be liquidated. Conversely, a rise above $67,000 may trigger $686 million in short position liquidations. BlockBeats clarified that Coinglass liquidation bars show intensity of potential liquidations, not exact contract amounts.