Bitcoin liquidation scenarios: $1.961B longs below $70,909, $579M shorts above $78,280

If Bitcoin falls below $70,909, the cumulative liquidation intensity for long positions on major CEXs (centralized crypto exchanges) is estimated at $1.961 billion. If Bitcoin breaks above $78,280, the corresponding intensity for short positions is estimated at $579 million, based on Coinglass data cited by ChainCatcher.