BTC Breaks $65,000, Could Trigger $244M in Short Liquidations on Major Centralized Exchanges

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On-chain trading signals indicate that Bitcoin breaking above $65,000 could trigger $244 million in short liquidations across major centralized exchanges. If BTC drops below $61,000, long positions may face $253 million in liquidations. Coinglass notes that liquidation intensity reflects cluster significance rather than exact contract sizes. Traders and long-term investors should closely monitor price movements for potential market shifts.

ChainThink report: On August 16, according to Coinglass data, if Bitcoin breaks above $65,000, the cumulative liquidation intensity of long positions on major CEXs will reach $244 million;

If Bitcoin drops below $61,000, the cumulative long liquidation pressure on major CEXs will reach $253 million. Coinglass notes that the liquidation chart shows the relative intensity of liquidation clusters compared to nearby clusters, not the exact number or value of contracts pending liquidation.

When the price reaches the corresponding level, the market may exhibit a stronger reaction.

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