Coinglass data indicates that Bitcoin price movements near $65,000 or $69,000 could lead to intense liquidation events on centralized exchanges, highlighting the risks for leveraged traders.
Coinglass data from Feb. 27 suggests that if Bitcoin falls below $65,000, over $1 billion in long positions could be liquidated, while a rise above $69,000 may trigger $1 billion in short liquidations. These figures reflect the concentration of liquidation clusters and the sensitivity of the market to price fluctuations.