BTC below $62,000 could trigger $665M in long liquidations on major centralized exchanges.

KuCoinFlash

Release Time: 02/24/2026 02:31:33

BTC

$73,997.60-0.25%

Summary

On-chain data from Coinglass shows that if Bitcoin falls below $62,000, long liquidations on major centralized exchanges could reach $665 million. On-chain analysis also indicates that a move above $66,000 may trigger $840 million in short liquidations. Blockbeats notes that the chart reflects the strength of liquidation clusters, not exact values, highlighting key price levels where market reactions are likely to occur.

BlockBeats news, on February 24, according to Coinglass data, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on major centralized exchanges will reach $665 million.

Conversely, if Bitcoin breaks above $66,000, the cumulative liquidation strength of long positions on major CEXs will reach $840 million.

BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart represent the relative strength or intensity of each liquidation cluster compared to neighboring clusters.

Therefore, the liquidation chart shows how significantly the asset price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity when it reaches that level.

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