BTC Breaks $66,000, Could Trigger $477M in Short Liquidations on Major Centralized Exchanges

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On-chain data from Coinglass indicates that if the BTC price breaks above $66,000, major centralized exchanges could face $477 million in short liquidations. A drop below $63,000 may trigger $429 million in long liquidations. Blockbeats notes that the chart shows relative liquidation clusters rather than exact values, highlighting potential market reactions at key BTC price levels.

BlockBeats news, on July 26, according to Coinglass data, if Bitcoin breaks above $66,000, the cumulative liquidation strength of long positions on major CEXs will reach $477 million.


Conversely, if Bitcoin falls below $63,000, the cumulative long liquidation pressure on major CEXs will reach $429 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 importance, or intensity, of each liquidation cluster compared to nearby 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 arrives.

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