Bitcoin Breaks $67K Level Could Trigger $1.099B Short Liquidations on Major CEX: Coinglass

BTC-0.88%
According to Coinglass data, if Bitcoin breaks above $67,000, cumulative liquidation intensity for short positions on major centralized exchanges (CEX) will reach $1.099 billion as of July 24. Conversely, if Bitcoin falls below $63,000, liquidation intensity for long positions is projected to reach $1.34 billion. The liquidation intensity metric reflects the relative importance of each liquidation cluster, indicating the strength of price reactions expected at specific price levels due to liquidity waves.
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